CHRN vs WSC: Correlation
How closely do ChronoScale Holdings Corporation (CHRN) and WillScot Holdings Corporation (WSC) 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 WSC?
On 3 years of weekly data the CHRN/WSC correlation comes out at 0.34, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.34 over 3. The 5-year figure is 0.30, and annualized covariance runs at 1550.9 %².
Within CHRN's tracked universe of 11 assets, WSC comes in at #4 by 3-year correlation. The last year tells two different stories: CHRN led by 460.6 percentage points, +445.7% for CHRN against -14.9% for WSC. Risk is not evenly split, since CHRN carries 2.2 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 WSC: side by side
| CHRN (ChronoScale Holdings Corporation) | WSC (WillScot Holdings Corporation) | |
|---|---|---|
| 1-year return | +445.7% | -14.9% |
| 5-year return | -70.2% | -27.7% |
| Volatility (ann.) | 99.6% | 45.9% |
| Beta vs S&P 500 | 1.58 | 1.72 |
| Max drawdown (3Y) | -93.9% | -70.7% |
| Market cap | $3.0B | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRN | WSC |
|---|---|---|
| 2022 | -55.1% | +10.6% |
| 2023 | +110.1% | -1.5% |
| 2024 | -75.6% | -24.8% |
| 2025 | -5.6% | -43.1% |
| 2026 | +140.0% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRN and WSC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRN and WSC?
As of 2026-08-27, the correlation of weekly returns between CHRN and WSC is 0.34 over 3 years, 0.36 over 1 year and 0.30 over 5 years.
Is WSC a good diversifier for CHRN?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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 · WSC correlations
