CENN vs SPRB: Correlation
Measured on weekly returns over the past three years, Cenntro Inc. (CENN) and Spruce Biosciences, Inc. (SPRB) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENN and SPRB?
Across a 3-year window, the weekly returns of CENN and SPRB correlate at -0.36, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.69) runs below the 3-year figure (-0.36). Stretching to 5 years gives -0.27, with an annualized covariance of -38296.7 %².
Among the 13 assets we track against CENN, SPRB sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with SPRB ahead by 833.1 points (-86.8% versus +746.3%). One caveat on sizing: SPRB is 11.0 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.
CENN vs SPRB: side by side
| CENN (Cenntro Inc.) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -86.8% | +746.3% |
| 5-year return | -100.0% | -99.8% |
| Volatility (ann.) | 98.4% | 1086.4% |
| Beta vs S&P 500 | 1.28 | -7.82 |
| Max drawdown (3Y) | -99.8% | -100.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENN | SPRB |
|---|---|---|
| 2022 | -91.8% | -75.4% |
| 2023 | -96.7% | +167.1% |
| 2024 | -25.7% | -85.7% |
| 2025 | -87.3% | -96.3% |
| 2026 | -48.0% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and SPRB good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between CENN and SPRB?
The CENN/SPRB correlation stands at -0.36 on a 3-year window (1 year: -0.69, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is SPRB a good diversifier for CENN?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 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
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Related comparisons
Hubs: CENN correlations · SPRB correlations
