CENN vs TWAV: Correlation
Cenntro Inc. (CENN) and TaoWeave, Inc. (TWAV) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENN and TWAV?
Over the past 3 years, CENN and TWAV moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 3583.5 %².
Within CENN's tracked universe of 13 assets, TWAV comes in at #4 by 3-year correlation. The last year tells two different stories: TWAV led by 30.0 percentage points, -86.8% for CENN against -56.8% for TWAV.
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 TWAV: side by side
| CENN (Cenntro Inc.) | TWAV (TaoWeave, Inc.) | |
|---|---|---|
| 1-year return | -86.8% | -56.8% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 98.4% | 108.8% |
| Beta vs S&P 500 | 1.28 | 1.85 |
| Max drawdown (3Y) | -99.8% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENN | TWAV |
|---|---|---|
| 2022 | -91.8% | -88.3% |
| 2023 | -96.7% | -88.9% |
| 2024 | -25.7% | -51.5% |
| 2025 | -87.3% | -53.4% |
| 2026 | -48.0% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and TWAV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CENN and TWAV?
The CENN/TWAV correlation stands at 0.33 on a 3-year window (1 year: 0.16, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is TWAV a good diversifier for CENN?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CENN correlations · TWAV correlations
