CDTG vs KNSA: Correlation
CDT Environmental Technology Investment Holdings Limited (CDTG) and Kiniksa Pharmaceuticals International, plc - Class A (KNSA) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and KNSA?
Over the past 3 years, CDTG and KNSA moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.25 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1939.3 %².
By 3-year correlation, KNSA places #28 of the 34 assets tracked against CDTG. Their recent paths diverged sharply: over the last 12 months KNSA outperformed by 229.4 percentage points (-92.6% for CDTG against +136.8% for KNSA). One caveat on sizing: CDTG is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CDTG vs KNSA: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | KNSA (Kiniksa Pharmaceuticals International, plc - Class A) | |
|---|---|---|
| 1-year return | -92.6% | +136.8% |
| 5-year return | n/a | +550.9% |
| Volatility (ann.) | 160.6% | 46.0% |
| Beta vs S&P 500 | 0.42 | 0.55 |
| Max drawdown (3Y) | -99.2% | -34.1% |
| Market cap | – | $6.2B |
| P/E (trailing) | – | 79.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | KNSA |
|---|---|---|
| 2022 | – | +27.3% |
| 2023 | – | +17.1% |
| 2024 | – | +12.8% |
| 2025 | -92.2% | +108.5% |
| 2026 | -87.0% | +93.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and KNSA good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDTG and KNSA?
As of 2026-08-27, the correlation of weekly returns between CDTG and KNSA is -0.25 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is KNSA a good diversifier for CDTG?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CDTG correlations · KNSA correlations
