CD vs SAIC: Correlation
How closely do Chaince Digital Holdings Inc. - American (CD) and Science Applications International Corporation (SAIC) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CD and SAIC?
Across a 3-year window, the weekly returns of CD and SAIC correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -1370.6 %².
Out of 15 assets tracked against CD, SAIC lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with SAIC ahead by 49.4 points (-39.8% versus +9.6%). Note the risk asymmetry: CD runs 5.7 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.
CD vs SAIC: side by side
| CD (Chaince Digital Holdings Inc. - American) | SAIC (Science Applications International Corporation) | |
|---|---|---|
| 1-year return | -39.8% | +9.6% |
| 5-year return | +1.2% | +64.0% |
| Volatility (ann.) | 189.9% | 33.6% |
| Beta vs S&P 500 | 1.02 | 0.36 |
| Max drawdown (3Y) | -92.6% | -45.7% |
| Market cap | $0.4B | $5.5B |
| P/E (trailing) | – | 14.5 |
| Dividend yield | 0.00% | 1.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CD | SAIC |
|---|---|---|
| 2022 | -64.8% | +34.9% |
| 2023 | +109.5% | +13.6% |
| 2024 | +162.7% | -9.0% |
| 2025 | -27.2% | -8.7% |
| 2026 | -31.2% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CD and SAIC good diversifiers for each other?
Yes. With a correlation of -0.21, CD and SAIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CD and SAIC?
As of 2026-08-27, the correlation of weekly returns between CD and SAIC is -0.21 over 3 years, -0.11 over 1 year and -0.16 over 5 years.
Is SAIC a good diversifier for CD?
Yes. With a correlation of -0.21, CD and SAIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/cd-vs-saic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cd-vs-saic/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CD correlations · SAIC correlations
