CKX vs THCH: Correlation
Measured on weekly returns over the past three years, CKX Lands, Inc. (CKX) and TH International Limited (THCH) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CKX and THCH?
Over the past 3 years, CKX and THCH moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -378.8 %².
Out of 14 assets tracked against CKX, THCH lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with CKX ahead by 43.5 points (-5.1% versus -48.6%). One caveat on sizing: THCH is 2.5 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.
CKX vs THCH: side by side
| CKX (CKX Lands, Inc.) | THCH (TH International Limited) | |
|---|---|---|
| 1-year return | -5.1% | -48.6% |
| 5-year return | -7.1% | -97.4% |
| Volatility (ann.) | 25.7% | 64.2% |
| Beta vs S&P 500 | 0.01 | 0.34 |
| Max drawdown (3Y) | -37.0% | -90.7% |
| Market cap | – | – |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CKX | THCH |
|---|---|---|
| 2022 | -11.2% | -71.7% |
| 2023 | +30.3% | -37.1% |
| 2024 | -2.8% | -59.4% |
| 2025 | -27.4% | -29.9% |
| 2026 | +16.4% | -49.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CKX and THCH good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CKX and THCH?
The CKX/THCH correlation stands at -0.23 on a 3-year window (1 year: -0.29, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is THCH a good diversifier for CKX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ckx-vs-thch.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ckx-vs-thch/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CKX correlations · THCH correlations
