CENN vs LB: Correlation
Measured on weekly returns over the past three years, Cenntro Inc. (CENN) and LandBridge Company LLC Class A Shares Representing Limited (LB) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENN and LB?
Over the past 3 years, CENN and LB moved with a correlation of 0.34, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.34). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1711.2 %².
LB is one of the assets that tracks CENN most closely: it ranks #2 out of the 13 assets we track against CENN. Correlation aside, the last 12 months split them widely, with LB ahead by 160.0 points (-86.8% versus +73.2%). Risk is not evenly split, since CENN carries 1.6 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.
CENN vs LB: side by side
| CENN (Cenntro Inc.) | LB (LandBridge Company LLC Class A Shares Representing Limited) | |
|---|---|---|
| 1-year return | -86.8% | +73.2% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 98.4% | 63.4% |
| Beta vs S&P 500 | 1.28 | 1.65 |
| Max drawdown (3Y) | -99.8% | -48.2% |
| Market cap | – | $6.9B |
| P/E (trailing) | – | 79.0 |
| Dividend yield | 0.00% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENN | LB |
|---|---|---|
| 2022 | -91.8% | – |
| 2023 | -96.7% | – |
| 2024 | -25.7% | – |
| 2025 | -87.3% | -23.7% |
| 2026 | -48.0% | +82.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and LB good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CENN and LB?
As of 2026-08-27, the correlation of weekly returns between CENN and LB is 0.34 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is LB a good diversifier for CENN?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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/cenn-vs-lb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cenn-vs-lb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CENN correlations · LB correlations
