CHNR vs PLCE: Correlation
China Natural Resources, Inc. (CHNR) and Children's Place, Inc. (The) (PLCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and PLCE?
On 3 years of weekly data the CHNR/PLCE correlation comes out at 0.48, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.48). The 5-year figure is 0.34, and annualized covariance runs at 6418.2 %².
Among the 22 assets we track against CHNR, PLCE ranks #7 by 3-year correlation. The last year tells two different stories: CHNR led by 55.3 percentage points, +8.2% for CHNR against -47.1% for PLCE. Note the risk asymmetry: PLCE runs 1.9 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 PLCE: side by side
| CHNR (China Natural Resources, Inc.) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | +8.2% | -47.1% |
| 5-year return | -91.7% | -97.2% |
| Volatility (ann.) | 83.4% | 159.8% |
| Beta vs S&P 500 | 0.65 | 2.28 |
| Max drawdown (3Y) | -88.4% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | PLCE |
|---|---|---|
| 2022 | -34.5% | -54.1% |
| 2023 | -16.3% | -36.2% |
| 2024 | -57.2% | -55.0% |
| 2025 | -33.8% | -62.0% |
| 2026 | +13.9% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and PLCE good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHNR and PLCE?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.03 over the last year and 0.34 over 5 years.
Is PLCE a good diversifier for CHNR?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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-plce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chnr-vs-plce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHNR correlations · PLCE correlations
