CETX vs CTNT: Correlation
How closely do Cemtrex Inc. (CETX) and Cheetah Net Supply Chain Service Inc. (CTNT) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETX and CTNT?
On 3 years of weekly data the CETX/CTNT correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.10 versus 0.32 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 20429.9 %².
Among the 10 assets we track against CETX, CTNT ranks #4 by 3-year correlation. Neither side won the trailing year by much: -98.5% against -99.6%. One caveat on sizing: CTNT is 3.4 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.
CETX vs CTNT: side by side
| CETX (Cemtrex Inc.) | CTNT (Cheetah Net Supply Chain Service Inc.) | |
|---|---|---|
| 1-year return | -98.5% | -99.6% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 137.5% | 461.2% |
| Beta vs S&P 500 | 2.29 | 2.82 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETX | CTNT |
|---|---|---|
| 2022 | -84.9% | – |
| 2023 | +15.4% | – |
| 2024 | -100.0% | -85.3% |
| 2025 | -94.0% | -61.4% |
| 2026 | -89.5% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETX and CTNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CETX and CTNT?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with -0.10 over the last year and n/a over 5 years.
Is CTNT a good diversifier for CETX?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cetx-vs-ctnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cetx-vs-ctnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CETX correlations · CTNT correlations
