CCTG vs ENSG: Correlation
Measured on weekly returns over the past three years, CCSC Technology International Holdings Limited - Class A (CCTG) and The Ensign Group, Inc. (ENSG) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCTG and ENSG?
Across a 3-year window, the weekly returns of CCTG and ENSG correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.23 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -791.1 %².
ENSG is close to the least connected end of CCTG's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with ENSG ahead by 94.6 points (-93.7% versus +0.9%). Risk is not evenly split, since CCTG carries 6.0 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.
CCTG vs ENSG: side by side
| CCTG (CCSC Technology International Holdings Limited - Class A) | ENSG (The Ensign Group, Inc.) | |
|---|---|---|
| 1-year return | -93.7% | +0.9% |
| 5-year return | n/a | +115.6% |
| Volatility (ann.) | 142.0% | 23.8% |
| Beta vs S&P 500 | 1.57 | 0.22 |
| Max drawdown (3Y) | -99.8% | -31.8% |
| Market cap | – | $10.1B |
| P/E (trailing) | – | 28.4 |
| Dividend yield | 0.00% | 0.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCTG | ENSG |
|---|---|---|
| 2022 | – | +13.0% |
| 2023 | – | +18.9% |
| 2024 | – | +18.6% |
| 2025 | -90.1% | +31.3% |
| 2026 | -55.6% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCTG and ENSG good diversifiers for each other?
Yes. With a correlation of -0.23, CCTG and ENSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCTG and ENSG?
The CCTG/ENSG correlation stands at -0.23 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ENSG a good diversifier for CCTG?
Yes. With a correlation of -0.23, CCTG and ENSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/cctg-vs-ensg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cctg-vs-ensg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCTG correlations · ENSG correlations
