CHRN vs WGS: Correlation
How closely do ChronoScale Holdings Corporation (CHRN) and GeneDx Holdings Corp. (WGS) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRN and WGS?
On 3 years of weekly data the CHRN/WGS correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is 0.00, and annualized covariance runs at -2132.5 %².
WGS is close to the least connected end of CHRN's tracked universe, ranking #8 of 11. The last year tells two different stories: CHRN led by 476.6 percentage points, +445.7% for CHRN against -30.9% for WGS.
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 WGS: side by side
| CHRN (ChronoScale Holdings Corporation) | WGS (GeneDx Holdings Corp.) | |
|---|---|---|
| 1-year return | +445.7% | -30.9% |
| 5-year return | -70.2% | -69.2% |
| Volatility (ann.) | 99.6% | 113.8% |
| Beta vs S&P 500 | 1.58 | 1.13 |
| Max drawdown (3Y) | -93.9% | -79.4% |
| Market cap | $3.0B | $2.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRN | WGS |
|---|---|---|
| 2022 | -55.1% | -94.1% |
| 2023 | +110.1% | -68.4% |
| 2024 | -75.6% | +2694.9% |
| 2025 | -5.6% | +69.2% |
| 2026 | +140.0% | -31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRN and WGS good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHRN and WGS?
As of 2026-08-27, the correlation of weekly returns between CHRN and WGS is -0.19 over 3 years, -0.19 over 1 year and 0.00 over 5 years.
Is WGS a good diversifier for CHRN?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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-wgs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrn-vs-wgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRN correlations · WGS correlations
