CHRN vs MZTI: Correlation
Measured on weekly returns over the past three years, ChronoScale Holdings Corporation (CHRN) and The Marzetti Company (MZTI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRN and MZTI?
On 3 years of weekly data the CHRN/MZTI correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.21). The 5-year figure is -0.10, and annualized covariance runs at -601.8 %².
MZTI is close to the least connected end of CHRN's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months CHRN outperformed by 482.1 percentage points (+445.7% for CHRN against -36.4% for MZTI). Note the risk asymmetry: CHRN runs 3.4 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.
CHRN vs MZTI: side by side
| CHRN (ChronoScale Holdings Corporation) | MZTI (The Marzetti Company) | |
|---|---|---|
| 1-year return | +445.7% | -36.4% |
| 5-year return | -70.2% | -29.4% |
| Volatility (ann.) | 99.6% | 29.3% |
| Beta vs S&P 500 | 1.58 | 0.29 |
| Max drawdown (3Y) | -93.9% | -46.8% |
| Market cap | $3.0B | $3.1B |
| P/E (trailing) | – | 16.1 |
| Dividend yield | 0.00% | 3.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRN | MZTI |
|---|---|---|
| 2022 | -55.1% | +21.6% |
| 2023 | +110.1% | -14.0% |
| 2024 | -75.6% | +6.1% |
| 2025 | -5.6% | -2.9% |
| 2026 | +140.0% | -30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRN and MZTI good diversifiers for each other?
Yes. With a correlation of -0.21, CHRN and MZTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHRN and MZTI?
The CHRN/MZTI correlation stands at -0.21 on a 3-year window (1 year: -0.41, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is MZTI a good diversifier for CHRN?
Yes. With a correlation of -0.21, CHRN and MZTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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: CHRN correlations · MZTI correlations
