CCCC vs EG: Correlation
Measured on weekly returns over the past three years, C4 Therapeutics, Inc. (CCCC) and Everest Group (EG) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCCC and EG?
Over the past 3 years, CCCC and EG moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.18). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -746.8 %².
Among the 19 assets we track against CCCC, EG sits near the bottom by co-movement, at rank #15. The last year tells two different stories: CCCC led by 47.6 percentage points, +58.9% for CCCC against +11.3% for EG. One caveat on sizing: CCCC is 8.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCCC vs EG: side by side
| CCCC (C4 Therapeutics, Inc.) | EG (Everest Group) | |
|---|---|---|
| 1-year return | +58.9% | +11.3% |
| 5-year return | -90.1% | +57.2% |
| Volatility (ann.) | 184.7% | 22.2% |
| Beta vs S&P 500 | 3.22 | 0.28 |
| Max drawdown (3Y) | -90.0% | -23.8% |
| Market cap | $0.5B | $14.5B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 0.00% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CCCC | EG |
|---|---|---|
| 2022 | -81.7% | +23.7% |
| 2023 | -4.2% | +8.7% |
| 2024 | -36.3% | +4.6% |
| 2025 | -46.9% | -5.3% |
| 2026 | +114.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCCC and EG good diversifiers for each other?
Yes. With a correlation of -0.18, CCCC and EG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCCC and EG?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.30 over the last year and -0.07 over 5 years.
Is EG a good diversifier for CCCC?
Yes. With a correlation of -0.18, CCCC and EG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 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/cccc-vs-eg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cccc-vs-eg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCCC correlations · EG correlations
