CHAI vs PRE: Correlation
Measured on weekly returns over the past three years, Core AI Holdings, Inc. (CHAI) and Prenetics Global Limited - Class A (PRE) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHAI and PRE?
Over the past 3 years, CHAI and PRE moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 5078.0 %².
In CHAI's tracked universe of 11 assets, PRE sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months PRE outperformed by 352.6 percentage points (-97.9% for CHAI against +254.7% for PRE). One caveat on sizing: CHAI is 1.7 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.
CHAI vs PRE: side by side
| CHAI (Core AI Holdings, Inc.) | PRE (Prenetics Global Limited - Class A) | |
|---|---|---|
| 1-year return | -97.9% | +254.7% |
| 5-year return | -100.0% | -76.5% |
| Volatility (ann.) | 153.8% | 88.4% |
| Beta vs S&P 500 | 0.95 | 0.46 |
| Max drawdown (3Y) | -100.0% | -64.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHAI | PRE |
|---|---|---|
| 2022 | -95.9% | -74.0% |
| 2023 | -96.1% | -80.3% |
| 2024 | -99.2% | -1.9% |
| 2025 | -93.3% | +171.6% |
| 2026 | -84.4% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHAI and PRE good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHAI and PRE?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.18 over the last year and 0.28 over 5 years.
Is PRE a good diversifier for CHAI?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: CHAI correlations · PRE correlations
