CETX vs CHSN: Correlation
Measured on weekly returns over the past three years, Cemtrex Inc. (CETX) and Chanson International Holding - Class A (CHSN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETX and CHSN?
Across a 3-year window, the weekly returns of CETX and CHSN correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -9744.0 %².
Among the 10 assets we track against CETX, CHSN sits near the bottom by co-movement, at rank #8. Twelve-month performance is nearly a tie, at -98.5% for CETX and -99.4% for CHSN. Note the risk asymmetry: CHSN runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CETX vs CHSN: side by side
| CETX (Cemtrex Inc.) | CHSN (Chanson International Holding - Class A) | |
|---|---|---|
| 1-year return | -98.5% | -99.4% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 137.5% | 320.2% |
| Beta vs S&P 500 | 2.29 | 0.54 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETX | CHSN |
|---|---|---|
| 2022 | -84.9% | – |
| 2023 | +15.4% | – |
| 2024 | -100.0% | +318.9% |
| 2025 | -94.0% | -99.5% |
| 2026 | -89.5% | -99.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETX and CHSN good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CETX and CHSN?
As of 2026-08-27, the correlation of weekly returns between CETX and CHSN is -0.22 over 3 years, -0.06 over 1 year and n/a over 5 years.
Is CHSN a good diversifier for CETX?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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: CETX correlations · CHSN correlations
