CCCC vs FRGT: Correlation
C4 Therapeutics, Inc. (CCCC) and Freight Technologies, Inc. (FRGT) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCCC and FRGT?
On 3 years of weekly data the CCCC/FRGT correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.34). The 5-year figure is 0.32, and annualized covariance runs at 7464.5 %².
Among the 19 assets we track against CCCC, FRGT ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CCCC ahead by 154.3 points (+58.9% versus -95.4%). Risk is not evenly split, since CCCC carries 1.5 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.
CCCC vs FRGT: side by side
| CCCC (C4 Therapeutics, Inc.) | FRGT (Freight Technologies, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | -95.4% |
| 5-year return | -90.1% | -100.0% |
| Volatility (ann.) | 184.7% | 119.4% |
| Beta vs S&P 500 | 3.22 | 1.68 |
| Max drawdown (3Y) | -90.0% | -100.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCCC | FRGT |
|---|---|---|
| 2022 | -81.7% | -96.2% |
| 2023 | -4.2% | -85.3% |
| 2024 | -36.3% | -97.8% |
| 2025 | -46.9% | -95.6% |
| 2026 | +114.7% | -82.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCCC and FRGT good diversifiers for each other?
Reasonably. At 0.34, CCCC and FRGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCCC and FRGT?
The CCCC/FRGT correlation stands at 0.34 on a 3-year window (1 year: 0.03, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is FRGT a good diversifier for CCCC?
Reasonably. At 0.34, CCCC and FRGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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-frgt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cccc-vs-frgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCCC correlations · FRGT correlations
