CHNR vs WATT: Correlation
China Natural Resources, Inc. (CHNR) and Energous Corporation (WATT) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and WATT?
Over the past 3 years, CHNR and WATT moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 3781.4 %².
Within CHNR's tracked universe of 22 assets, WATT comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WATT outperformed by 38.4 percentage points (+8.2% for CHNR against +46.6% for WATT).
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 WATT: side by side
| CHNR (China Natural Resources, Inc.) | WATT (Energous Corporation) | |
|---|---|---|
| 1-year return | +8.2% | +46.6% |
| 5-year return | -91.7% | -99.2% |
| Volatility (ann.) | 83.4% | 117.2% |
| Beta vs S&P 500 | 0.65 | 1.35 |
| Max drawdown (3Y) | -88.4% | -95.3% |
| 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 | WATT |
|---|---|---|
| 2022 | -34.5% | -33.1% |
| 2023 | -16.3% | -89.1% |
| 2024 | -57.2% | -44.8% |
| 2025 | -33.8% | -86.8% |
| 2026 | +13.9% | +196.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and WATT good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHNR and WATT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.43 over the last year and 0.30 over 5 years.
Is WATT a good diversifier for CHNR?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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-watt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chnr-vs-watt/)
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Related comparisons
Hubs: CHNR correlations · WATT correlations
