CHRS vs MTEN: Correlation
How closely do Coherus Oncology, Inc. (CHRS) and Mingteng International Corporation Inc. - Class A (MTEN) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRS and MTEN?
On 3 years of weekly data the CHRS/MTEN correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2809.3 %².
MTEN is close to the least connected end of CHRS's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with CHRS ahead by 128.1 points (+28.1% versus -100.0%). One caveat on sizing: MTEN is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CHRS vs MTEN: side by side
| CHRS (Coherus Oncology, Inc.) | MTEN (Mingteng International Corporation Inc. - Class A) | |
|---|---|---|
| 1-year return | +28.1% | -100.0% |
| 5-year return | -90.8% | n/a |
| Volatility (ann.) | 102.6% | 179.9% |
| Beta vs S&P 500 | 1.59 | 2.36 |
| Max drawdown (3Y) | -87.7% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRS | MTEN |
|---|---|---|
| 2022 | -50.4% | – |
| 2023 | -58.0% | – |
| 2024 | -58.6% | – |
| 2025 | +2.9% | -86.5% |
| 2026 | +2.8% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRS and MTEN good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHRS and MTEN?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.23 over the last year and n/a over 5 years.
Is MTEN a good diversifier for CHRS?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrs-vs-mten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrs-vs-mten/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHRS correlations · MTEN correlations
