CETY vs TGB: Correlation
Measured on weekly returns over the past three years, Clean Energy Technologies, Inc. (CETY) and Trekor Metals Limited (TGB) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETY and TGB?
On 3 years of weekly data the CETY/TGB correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1869.9 %².
In CETY's tracked universe of 10 assets, TGB sits right near the top at #3. Correlation aside, the last 12 months split them widely, with TGB ahead by 278.5 points (-74.1% versus +204.4%). Risk is not evenly split, since CETY carries 1.7 times the volatility of the other side.
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.
CETY vs TGB: side by side
| CETY (Clean Energy Technologies, Inc.) | TGB (Trekor Metals Limited) | |
|---|---|---|
| 1-year return | -74.1% | +204.4% |
| 5-year return | n/a | +450.0% |
| Volatility (ann.) | 102.9% | 62.1% |
| Beta vs S&P 500 | 0.53 | 1.89 |
| Max drawdown (3Y) | -98.5% | -44.3% |
| Market cap | – | $3.5B |
| P/E (trailing) | – | 484.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETY | TGB |
|---|---|---|
| 2022 | – | -28.3% |
| 2023 | – | -4.8% |
| 2024 | -59.1% | +38.6% |
| 2025 | -92.1% | +191.8% |
| 2026 | +35.2% | +71.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETY and TGB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CETY and TGB?
As of 2026-08-27, the correlation of weekly returns between CETY and TGB is 0.29 over 3 years, 0.32 over 1 year and n/a over 5 years.
Is TGB a good diversifier for CETY?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/cety-vs-tgb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cety-vs-tgb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CETY correlations · TGB correlations
