CCCC vs FLNT: Correlation
C4 Therapeutics, Inc. (CCCC) and Fluent, Inc. (FLNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCCC and FLNT?
Across a 3-year window, the weekly returns of CCCC and FLNT correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.32 over 3 years. Stretching to 5 years gives 0.29, with an annualized covariance of 4711.1 %².
Within CCCC's tracked universe of 19 assets, FLNT comes in at #11 by 3-year correlation. The trailing year gives CCCC the advantage: +58.9% versus +53.5%, a 5.4-point spread. Note the risk asymmetry: CCCC runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 FLNT: side by side
| CCCC (C4 Therapeutics, Inc.) | FLNT (Fluent, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | +53.5% |
| 5-year return | -90.1% | -77.2% |
| Volatility (ann.) | 184.7% | 78.8% |
| Beta vs S&P 500 | 3.22 | 1.29 |
| Max drawdown (3Y) | -90.0% | -65.8% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCCC | FLNT |
|---|---|---|
| 2022 | -81.7% | -45.2% |
| 2023 | -4.2% | -38.5% |
| 2024 | -36.3% | -37.3% |
| 2025 | -46.9% | -4.8% |
| 2026 | +114.7% | +54.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCCC and FLNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCCC and FLNT?
The CCCC/FLNT correlation stands at 0.32 on a 3-year window (1 year: 0.11, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is FLNT a good diversifier for CCCC?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cccc-vs-flnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cccc-vs-flnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCCC correlations · FLNT correlations
