CC vs NERV: Correlation
Measured on weekly returns over the past three years, Chemours Company (The) (CC) and Minerva Neurosciences, Inc (NERV) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CC and NERV?
On 3 years of weekly data the CC/NERV correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.39). The 5-year figure is 0.16, and annualized covariance runs at 2312.4 %².
By 3-year correlation, NERV places #8 of the 13 assets tracked against CC. The last year tells two different stories: NERV led by 110.0 percentage points, +6.5% for CC against +116.5% for NERV. Risk is not evenly split, since NERV carries 1.7 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.
CC vs NERV: side by side
| CC (Chemours Company (The)) | NERV (Minerva Neurosciences, Inc) | |
|---|---|---|
| 1-year return | +6.5% | +116.5% |
| 5-year return | -44.8% | -63.8% |
| Volatility (ann.) | 59.7% | 99.2% |
| Beta vs S&P 500 | 1.61 | 1.61 |
| Max drawdown (3Y) | -70.9% | -89.3% |
| Market cap | $2.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CC | NERV |
|---|---|---|
| 2022 | -6.0% | -75.2% |
| 2023 | +6.5% | +286.8% |
| 2024 | -44.0% | -63.9% |
| 2025 | -27.6% | +80.9% |
| 2026 | +36.6% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CC and NERV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CC and NERV?
As of 2026-08-27, the correlation of weekly returns between CC and NERV is 0.39 over 3 years, 0.18 over 1 year and 0.16 over 5 years.
Is NERV a good diversifier for CC?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cc-vs-nerv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cc-vs-nerv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CC correlations · NERV correlations
