CHR vs OXBR: Correlation
Measured on weekly returns over the past three years, Cheer Holding, Inc. - Class A (CHR) and Oxbridge Re Holdings Limited (OXBR) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHR and OXBR?
Over the past 3 years, CHR and OXBR moved with a correlation of 0.30, which is moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.30 over 3. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 2342.9 %².
In CHR's tracked universe of 20 assets, OXBR sits right near the top at #3. The last year tells two different stories: OXBR led by 58.5 percentage points, -98.9% for CHR against -40.4% for OXBR.
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 OXBR: side by side
| CHR (Cheer Holding, Inc. - Class A) | OXBR (Oxbridge Re Holdings Limited) | |
|---|---|---|
| 1-year return | -98.9% | -40.4% |
| 5-year return | -100.0% | -58.6% |
| Volatility (ann.) | 89.2% | 88.3% |
| Beta vs S&P 500 | 0.17 | 1.20 |
| Max drawdown (3Y) | -99.8% | -87.5% |
| Market cap | – | – |
| P/E (trailing) | – | 63.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHR | OXBR |
|---|---|---|
| 2022 | +23.7% | -78.6% |
| 2023 | -78.5% | -8.3% |
| 2024 | -20.7% | +274.6% |
| 2025 | -99.0% | -68.0% |
| 2026 | -52.6% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHR and OXBR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHR and OXBR?
The CHR/OXBR correlation stands at 0.30 on a 3-year window (1 year: 0.31, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is OXBR a good diversifier for CHR?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CHR correlations · OXBR correlations
