CBIO vs TILE: Correlation
Crescent Biopharma, Inc. (CBIO) and Interface, Inc. (TILE) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBIO and TILE?
Across a 3-year window, the weekly returns of CBIO and TILE correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.44). Stretching to 5 years gives 0.30, with an annualized covariance of 2104.1 %².
In CBIO's tracked universe of 16 assets, TILE sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months TILE outperformed by 15.7 percentage points (+24.6% for CBIO against +40.3% for TILE). Risk is not evenly split, since CBIO carries 2.9 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CBIO vs TILE: side by side
| CBIO (Crescent Biopharma, Inc.) | TILE (Interface, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | +40.3% |
| 5-year return | -107.8% | +167.4% |
| Volatility (ann.) | 117.9% | 40.8% |
| Beta vs S&P 500 | 1.30 | 0.93 |
| Max drawdown (3Y) | -97.4% | -33.6% |
| Market cap | $0.7B | $2.2B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 0.00% | 0.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBIO | TILE |
|---|---|---|
| 2022 | -275.3% | -37.9% |
| 2023 | -15.0% | +28.5% |
| 2024 | -89.4% | +93.4% |
| 2025 | -52.6% | +14.9% |
| 2026 | +49.7% | +36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBIO and TILE good diversifiers for each other?
Reasonably. At 0.44, CBIO and TILE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBIO and TILE?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.17 over the last year and 0.30 over 5 years.
Is TILE a good diversifier for CBIO?
Reasonably. At 0.44, CBIO and TILE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbio-vs-tile.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbio-vs-tile/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBIO correlations · TILE correlations
