CGEN vs EBON: Correlation
How closely do Compugen Ltd. (CGEN) and Ebang International Holdings Inc. - Class A (EBON) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and EBON?
Across a 3-year window, the weekly returns of CGEN and EBON correlate at 0.53, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.53). Stretching to 5 years gives 0.40, with an annualized covariance of 4436.6 %².
EBON is one of the assets that tracks CGEN most closely: it ranks #2 out of the 18 assets we track against CGEN. The last year tells two different stories: CGEN led by 131.3 percentage points, +87.8% for CGEN against -43.5% for EBON.
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.
CGEN vs EBON: side by side
| CGEN (Compugen Ltd.) | EBON (Ebang International Holdings Inc. - Class A) | |
|---|---|---|
| 1-year return | +87.8% | -43.5% |
| 5-year return | -59.2% | -97.1% |
| Volatility (ann.) | 95.6% | 87.4% |
| Beta vs S&P 500 | 1.63 | 1.50 |
| Max drawdown (3Y) | -60.0% | -90.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | EBON |
|---|---|---|
| 2022 | -83.3% | -90.6% |
| 2023 | +175.0% | +425.8% |
| 2024 | -22.7% | -62.6% |
| 2025 | +0.0% | -46.5% |
| 2026 | +80.4% | -27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and EBON good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CGEN and EBON?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.25 over the last year and 0.40 over 5 years.
Is EBON a good diversifier for CGEN?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/cgen-vs-ebon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgen-vs-ebon/)
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Related comparisons
Hubs: CGEN correlations · EBON correlations
