CHNR vs DDI: Correlation
How closely do China Natural Resources, Inc. (CHNR) and DoubleDown Interactive Co., Ltd. - American Depository (DDI) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and DDI?
On 3 years of weekly data the CHNR/DDI correlation comes out at 0.44, moderate. The past 12 months show a weaker link (-0.12) than the 3-year average (0.44). The 5-year figure is 0.28, and annualized covariance runs at 1876.1 %².
By 3-year correlation, DDI places #9 of the 22 assets tracked against CHNR. Correlation aside, the last 12 months split them widely, with DDI ahead by 26.3 points (+8.2% versus +34.5%). Note the risk asymmetry: CHNR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CHNR vs DDI: side by side
| CHNR (China Natural Resources, Inc.) | DDI (DoubleDown Interactive Co., Ltd. - American Depository) | |
|---|---|---|
| 1-year return | +8.2% | +34.5% |
| 5-year return | -91.7% | -28.2% |
| Volatility (ann.) | 83.4% | 51.1% |
| Beta vs S&P 500 | 0.65 | 0.44 |
| Max drawdown (3Y) | -88.4% | -52.1% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 5.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | DDI |
|---|---|---|
| 2022 | -34.5% | -45.5% |
| 2023 | -16.3% | -13.0% |
| 2024 | -57.2% | +42.0% |
| 2025 | -33.8% | -17.3% |
| 2026 | +13.9% | +47.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and DDI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHNR and DDI?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with -0.12 over the last year and 0.28 over 5 years.
Is DDI a good diversifier for CHNR?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chnr-vs-ddi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chnr-vs-ddi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHNR correlations · DDI correlations
