CDTG vs RCKY: Correlation
CDT Environmental Technology Investment Holdings Limited (CDTG) and Rocky Brands, Inc. (RCKY) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and RCKY?
On 3 years of weekly data the CDTG/RCKY correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.24). The 5-year figure is n/a, and annualized covariance runs at -2317.8 %².
By 3-year correlation, RCKY places #26 of the 34 assets tracked against CDTG. Correlation aside, the last 12 months split them widely, with RCKY ahead by 142.9 points (-92.6% versus +50.3%). Note the risk asymmetry: CDTG runs 2.4 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.
CDTG vs RCKY: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | RCKY (Rocky Brands, Inc.) | |
|---|---|---|
| 1-year return | -92.6% | +50.3% |
| 5-year return | n/a | +0.6% |
| Volatility (ann.) | 160.6% | 68.1% |
| Beta vs S&P 500 | 0.42 | 1.66 |
| Max drawdown (3Y) | -99.2% | -68.0% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | RCKY |
|---|---|---|
| 2022 | – | -39.5% |
| 2023 | – | +31.4% |
| 2024 | – | -22.8% |
| 2025 | -92.2% | +31.9% |
| 2026 | -87.0% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and RCKY good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDTG and RCKY?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.01 over the last year and n/a over 5 years.
Is RCKY a good diversifier for CDTG?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/cdtg-vs-rcky.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdtg-vs-rcky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDTG correlations · RCKY correlations
