CCG vs DBGI: Correlation
Measured on weekly returns over the past three years, Cheche Group Inc. - Class A (CCG) and Digital Brands Group, Inc. (DBGI) carry a correlation of 0.99, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCG and DBGI?
Across a 3-year window, the weekly returns of CCG and DBGI correlate at 0.99, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 1.00 over 1 year against 0.99 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1754554.5 %².
In CCG's tracked universe of 10 assets, DBGI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with CCG ahead by 1890.6 points (+1861.4% versus -29.2%).
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.
CCG vs DBGI: side by side
| CCG (Cheche Group Inc. - Class A) | DBGI (Digital Brands Group, Inc.) | |
|---|---|---|
| 1-year return | +1861.4% | -29.2% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 1560.5% | 1127.2% |
| Beta vs S&P 500 | -3.24 | -1.93 |
| Max drawdown (3Y) | -99.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCG | DBGI |
|---|---|---|
| 2022 | – | -98.2% |
| 2023 | – | -96.9% |
| 2024 | -86.2% | -98.9% |
| 2025 | -6.7% | +610.8% |
| 2026 | +1856.6% | -43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCG and DBGI good diversifiers for each other?
Not really. At 0.99, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CCG and DBGI?
Using weekly returns as of 2026-08-27: 0.99 over 3 years, with 1.00 over the last year and n/a over 5 years.
Is DBGI a good diversifier for CCG?
Not really. At 0.99, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.99 mean?
A reading of 0.99 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/ccg-vs-dbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccg-vs-dbgi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCG correlations · DBGI correlations
