CHNR vs OCGN: Correlation
China Natural Resources, Inc. (CHNR) and Ocugen, Inc. (OCGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and OCGN?
On 3 years of weekly data the CHNR/OCGN correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.41 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 3276.3 %².
Within CHNR's tracked universe of 22 assets, OCGN comes in at #14 by 3-year correlation. The last year tells two different stories: OCGN led by 23.5 percentage points, +8.2% for CHNR against +31.7% for OCGN.
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 OCGN: side by side
| CHNR (China Natural Resources, Inc.) | OCGN (Ocugen, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | +31.7% |
| 5-year return | -91.7% | -81.2% |
| Volatility (ann.) | 83.4% | 95.8% |
| Beta vs S&P 500 | 0.65 | 1.22 |
| Max drawdown (3Y) | -88.4% | -73.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | OCGN |
|---|---|---|
| 2022 | -34.5% | -71.4% |
| 2023 | -16.3% | -55.8% |
| 2024 | -57.2% | +40.0% |
| 2025 | -33.8% | +67.7% |
| 2026 | +13.9% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and OCGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHNR and OCGN?
As of 2026-08-27, the correlation of weekly returns between CHNR and OCGN is 0.41 over 3 years, 0.04 over 1 year and 0.24 over 5 years.
Is OCGN a good diversifier for CHNR?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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-ocgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chnr-vs-ocgn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHNR correlations · OCGN correlations
