CHTR vs PSKY: Correlation
Measured on weekly returns over the past three years, Charter Communications (CHTR) and Paramount Skydance Corporation (PSKY) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and PSKY?
On 3 years of weekly data the CHTR/PSKY correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 661.7 %².
Among the 35 assets we track against CHTR, PSKY ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PSKY outperformed by 19.0 percentage points (-44.9% for CHTR against -25.9% for PSKY). The relationship is regime-dependent: the rolling one-year correlation swung between 0.09 and 0.61 over the past three years, so this pair behaves very differently depending on the market environment.
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.
CHTR vs PSKY: side by side
| CHTR (Charter Communications) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | -44.9% | -25.9% |
| 5-year return | -81.8% | -69.8% |
| Volatility (ann.) | 41.3% | 54.4% |
| Beta vs S&P 500 | 0.74 | 0.92 |
| Max drawdown (3Y) | -72.9% | -59.9% |
| Market cap | $20.0B | $12.1B |
| P/E (trailing) | 4.0 | 360.0 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | CHTR | PSKY |
|---|---|---|
| 2022 | -48.0% | -41.8% |
| 2023 | +14.6% | -10.4% |
| 2024 | -11.8% | -28.0% |
| 2025 | -39.1% | +30.0% |
| 2026 | -28.9% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and PSKY good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHTR and PSKY?
As of 2026-08-27, the correlation of weekly returns between CHTR and PSKY is 0.29 over 3 years, 0.25 over 1 year and 0.35 over 5 years.
Is PSKY a good diversifier for CHTR?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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/chtr-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chtr-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHTR correlations · PSKY correlations
