CISS vs SCKT: Correlation
Measured on weekly returns over the past three years, C3is Inc. (CISS) and Socket Mobile, Inc. (SCKT) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISS and SCKT?
Across a 3-year window, the weekly returns of CISS and SCKT correlate at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.86 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 233195.9 %².
Among the 42 assets we track against CISS, SCKT ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SCKT outperformed by 69.7 percentage points (-99.5% for CISS against -29.8% for SCKT). Risk is not evenly split, since CISS carries 16.3 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.
CISS vs SCKT: side by side
| CISS (C3is Inc.) | SCKT (Socket Mobile, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | -29.8% |
| 5-year return | n/a | -89.6% |
| Volatility (ann.) | 2098.5% | 128.9% |
| Beta vs S&P 500 | 2.24 | 0.82 |
| Max drawdown (3Y) | -100.0% | -75.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISS | SCKT |
|---|---|---|
| 2022 | – | -52.7% |
| 2023 | – | -39.9% |
| 2024 | -98.9% | +14.7% |
| 2025 | -97.3% | -23.3% |
| 2026 | -93.4% | -29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISS and SCKT good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CISS and SCKT?
The CISS/SCKT correlation stands at 0.86 on a 3-year window (1 year: 0.91, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SCKT a good diversifier for CISS?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 mean?
A reading of 0.86 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: CISS correlations · SCKT correlations
