CENN vs SPWR: Correlation
Measured on weekly returns over the past three years, Cenntro Inc. (CENN) and SunPower Inc. (SPWR) 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 SPWR?
Over the past 3 years, CENN and SPWR moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 4874.8 %².
SPWR is one of the assets that tracks CENN most closely: it ranks #3 out of the 13 assets we track against CENN. The trailing year gives SPWR the advantage: -86.8% versus -80.4%, a 6.4-point spread.
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 SPWR: side by side
| CENN (Cenntro Inc.) | SPWR (SunPower Inc.) | |
|---|---|---|
| 1-year return | -86.8% | -80.4% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 98.4% | 146.1% |
| Beta vs S&P 500 | 1.28 | 1.97 |
| Max drawdown (3Y) | -99.8% | -92.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENN | SPWR |
|---|---|---|
| 2022 | -91.8% | – |
| 2023 | -96.7% | – |
| 2024 | -25.7% | +11.5% |
| 2025 | -87.3% | -12.3% |
| 2026 | -48.0% | -81.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and SPWR 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 SPWR?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.32 over the last year and 0.30 over 5 years.
Is SPWR 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?
A reading of 0.34 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cenn-vs-spwr/)
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Related comparisons
Hubs: CENN correlations · SPWR correlations
