CING vs FSI: Correlation
Cingulate Inc. (CING) and Flexible Solutions International Inc. (FSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CING and FSI?
Across a 3-year window, the weekly returns of CING and FSI correlate at 0.36, moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.36). Stretching to 5 years gives 0.29, with an annualized covariance of 10689.5 %².
By 3-year correlation, FSI places #6 of the 14 assets tracked against CING. The last year tells two different stories: CING led by 68.5 percentage points, +30.1% for CING against -38.4% for FSI. Note the risk asymmetry: CING runs 5.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CING vs FSI: side by side
| CING (Cingulate Inc.) | FSI (Flexible Solutions International Inc.) | |
|---|---|---|
| 1-year return | +30.1% | -38.4% |
| 5-year return | -99.5% | +71.9% |
| Volatility (ann.) | 405.7% | 73.1% |
| Beta vs S&P 500 | 3.94 | 1.39 |
| Max drawdown (3Y) | -99.0% | -56.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CING | FSI |
|---|---|---|
| 2022 | -63.8% | -20.3% |
| 2023 | -61.7% | -37.3% |
| 2024 | -94.6% | +89.0% |
| 2025 | -12.0% | +90.6% |
| 2026 | +25.3% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CING and FSI good diversifiers for each other?
Reasonably. At 0.36, CING and FSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CING and FSI?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with -0.06 over the last year and 0.29 over 5 years.
Is FSI a good diversifier for CING?
Reasonably. At 0.36, CING and FSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/cing-vs-fsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cing-vs-fsi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CING correlations · FSI correlations
