CDTG vs NUVB: Correlation
CDT Environmental Technology Investment Holdings Limited (CDTG) and Nuvation Bio Inc. (NUVB) show a negative 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 CDTG and NUVB?
On 3 years of weekly data the CDTG/NUVB correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -4489.7 %².
NUVB is close to the least connected end of CDTG's tracked universe, ranking #34 of 34. Correlation aside, the last 12 months split them widely, with NUVB ahead by 229.5 points (-92.6% versus +136.9%). One caveat on sizing: CDTG is 1.8 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 NUVB: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | NUVB (Nuvation Bio Inc.) | |
|---|---|---|
| 1-year return | -92.6% | +136.9% |
| 5-year return | n/a | -25.8% |
| Volatility (ann.) | 160.6% | 87.3% |
| Beta vs S&P 500 | 0.42 | 1.90 |
| Max drawdown (3Y) | -99.2% | -58.2% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | NUVB |
|---|---|---|
| 2022 | – | -77.4% |
| 2023 | – | -21.4% |
| 2024 | – | +76.2% |
| 2025 | -92.2% | +236.8% |
| 2026 | -87.0% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and NUVB good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDTG and NUVB?
As of 2026-08-27, the correlation of weekly returns between CDTG and NUVB is -0.34 over 3 years, -0.37 over 1 year and n/a over 5 years.
Is NUVB a good diversifier for CDTG?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdtg-vs-nuvb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdtg-vs-nuvb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDTG correlations · NUVB correlations
