CENN vs SYRE: Correlation
How closely do Cenntro Inc. (CENN) and Spyre Therapeutics, Inc. (SYRE) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENN and SYRE?
On 3 years of weekly data the CENN/SYRE correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.26 over 3. The 5-year figure is -0.01, and annualized covariance runs at -2155.6 %².
SYRE is close to the least connected end of CENN's tracked universe, ranking #9 of 13. The last year tells two different stories: SYRE led by 533.0 percentage points, -86.8% for CENN against +446.2% for SYRE.
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 SYRE: side by side
| CENN (Cenntro Inc.) | SYRE (Spyre Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -86.8% | +446.2% |
| 5-year return | -100.0% | -47.5% |
| Volatility (ann.) | 98.4% | 83.8% |
| Beta vs S&P 500 | 1.28 | 1.80 |
| Max drawdown (3Y) | -99.8% | -74.0% |
| Market cap | – | $8.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENN | SYRE |
|---|---|---|
| 2022 | -91.8% | -90.5% |
| 2023 | -96.7% | +91.3% |
| 2024 | -25.7% | +8.2% |
| 2025 | -87.3% | +40.7% |
| 2026 | -48.0% | +185.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and SYRE good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CENN and SYRE?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.34 over the last year and -0.01 over 5 years.
Is SYRE a good diversifier for CENN?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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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Related comparisons
Hubs: CENN correlations · SYRE correlations
