CGTX vs WM: Correlation
How closely do Cognition Therapeutics, Inc. (CGTX) and Waste Management (WM) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGTX and WM?
Over the past 3 years, CGTX and WM moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.26 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -630.2 %².
Among the 11 assets we track against CGTX, WM sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months WM outperformed by 63.4 percentage points (-65.4% for CGTX against -2.0% for WM). Risk is not evenly split, since CGTX carries 7.3 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.
CGTX vs WM: side by side
| CGTX (Cognition Therapeutics, Inc.) | WM (Waste Management) | |
|---|---|---|
| 1-year return | -65.4% | -2.0% |
| 5-year return | -91.7% | +51.8% |
| Volatility (ann.) | 134.0% | 18.3% |
| Beta vs S&P 500 | 2.37 | 0.07 |
| Max drawdown (3Y) | -90.9% | -18.1% |
| Market cap | $0.1B | $87.0B |
| P/E (trailing) | – | 30.8 |
| Dividend yield | 0.00% | 1.60% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CGTX | WM |
|---|---|---|
| 2022 | -66.8% | -4.5% |
| 2023 | -11.9% | +16.2% |
| 2024 | -62.1% | +14.3% |
| 2025 | +92.6% | +10.5% |
| 2026 | -21.5% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGTX and WM good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CGTX and WM?
As of 2026-08-27, the correlation of weekly returns between CGTX and WM is -0.26 over 3 years, 0.01 over 1 year and -0.10 over 5 years.
Is WM a good diversifier for CGTX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: CGTX correlations · WM correlations
