CHRN vs UFI: Correlation
How closely do ChronoScale Holdings Corporation (CHRN) and Unifi, Inc. New (UFI) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRN and UFI?
Over the past 3 years, CHRN and UFI moved with a correlation of 0.34, which is moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.34). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 1606.1 %².
In CHRN's tracked universe of 11 assets, UFI sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CHRN outperformed by 376.0 percentage points (+445.7% for CHRN against +69.7% for UFI). Risk is not evenly split, since CHRN carries 2.1 times the volatility of the other side.
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 UFI: side by side
| CHRN (ChronoScale Holdings Corporation) | UFI (Unifi, Inc. New) | |
|---|---|---|
| 1-year return | +445.7% | +69.7% |
| 5-year return | -70.2% | -65.5% |
| Volatility (ann.) | 99.6% | 47.6% |
| Beta vs S&P 500 | 1.58 | 0.44 |
| Max drawdown (3Y) | -93.9% | -61.5% |
| Market cap | $3.0B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRN | UFI |
|---|---|---|
| 2022 | -55.1% | -62.8% |
| 2023 | +110.1% | -22.6% |
| 2024 | -75.6% | -6.2% |
| 2025 | -5.6% | -44.0% |
| 2026 | +140.0% | +115.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRN and UFI good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHRN and UFI?
The CHRN/UFI correlation stands at 0.34 on a 3-year window (1 year: 0.47, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is UFI a good diversifier for CHRN?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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/chrn-vs-ufi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrn-vs-ufi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRN correlations · UFI correlations
