CHR vs CI: Correlation
Cheer Holding, Inc. - Class A (CHR) and Cigna (CI) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHR and CI?
On 3 years of weekly data the CHR/CI correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.27 over 3. The 5-year figure is -0.17, and annualized covariance runs at -649.3 %².
Out of 20 assets tracked against CHR, CI lands near the bottom at #17. Correlation aside, the last 12 months split them widely, with CI ahead by 93.5 points (-98.9% versus -5.4%). Note the risk asymmetry: CHR runs 3.3 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.
CHR vs CI: side by side
| CHR (Cheer Holding, Inc. - Class A) | CI (Cigna) | |
|---|---|---|
| 1-year return | -98.9% | -5.4% |
| 5-year return | -100.0% | +46.7% |
| Volatility (ann.) | 89.2% | 26.7% |
| Beta vs S&P 500 | 0.17 | 0.22 |
| Max drawdown (3Y) | -99.8% | -32.1% |
| Market cap | – | $73.4B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CHR | CI |
|---|---|---|
| 2022 | +23.7% | +46.7% |
| 2023 | -78.5% | -8.0% |
| 2024 | -20.7% | -6.3% |
| 2025 | -99.0% | +1.7% |
| 2026 | -52.6% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHR and CI good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHR and CI?
As of 2026-08-27, the correlation of weekly returns between CHR and CI is -0.27 over 3 years, -0.34 over 1 year and -0.17 over 5 years.
Is CI a good diversifier for CHR?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CHR correlations · CI correlations
