CHRN vs CHRS: Correlation
ChronoScale Holdings Corporation (CHRN) and Coherus Oncology, Inc. (CHRS) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRN and CHRS?
Across a 3-year window, the weekly returns of CHRN and CHRS correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.25 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 3540.9 %².
CHRS is one of the assets that tracks CHRN most closely: it ranks #2 out of the 11 assets we track against CHRN. The last year tells two different stories: CHRN led by 417.6 percentage points, +445.7% for CHRN against +28.1% for CHRS.
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.
CHRN vs CHRS: side by side
| CHRN (ChronoScale Holdings Corporation) | CHRS (Coherus Oncology, Inc.) | |
|---|---|---|
| 1-year return | +445.7% | +28.1% |
| 5-year return | -70.2% | -90.8% |
| Volatility (ann.) | 99.6% | 102.6% |
| Beta vs S&P 500 | 1.58 | 1.59 |
| Max drawdown (3Y) | -93.9% | -87.7% |
| Market cap | $3.0B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRN | CHRS |
|---|---|---|
| 2022 | -55.1% | -50.4% |
| 2023 | +110.1% | -58.0% |
| 2024 | -75.6% | -58.6% |
| 2025 | -5.6% | +2.9% |
| 2026 | +140.0% | +2.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRN and CHRS good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHRN and CHRS?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.25 over the last year and 0.35 over 5 years.
Is CHRS a good diversifier for CHRN?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrn-vs-chrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrn-vs-chrs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRN correlations · CHRS correlations
