CMCT vs SANA: Correlation
Measured on weekly returns over the past three years, Creative Media (CMCT) and Sana Biotechnology, Inc. (SANA) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and SANA?
Over the past 3 years, CMCT and SANA moved with a correlation of 0.56, which is moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.56). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 19865.9 %².
Among the 25 assets we track against CMCT, SANA ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SANA outperformed by 120.8 percentage points (-99.4% for CMCT against +21.4% for SANA). Note the risk asymmetry: CMCT runs 2.7 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.
CMCT vs SANA: side by side
| CMCT (Creative Media) | SANA (Sana Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | -99.4% | +21.4% |
| 5-year return | -100.0% | -82.9% |
| Volatility (ann.) | 305.8% | 115.0% |
| Beta vs S&P 500 | 1.22 | 1.88 |
| Max drawdown (3Y) | -100.0% | -88.1% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCT | SANA |
|---|---|---|
| 2022 | -29.7% | -74.5% |
| 2023 | -18.2% | +3.3% |
| 2024 | -93.3% | -60.0% |
| 2025 | -35.5% | +149.7% |
| 2026 | -98.9% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and SANA good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CMCT and SANA?
As of 2026-08-27, the correlation of weekly returns between CMCT and SANA is 0.56 over 3 years, 0.28 over 1 year and 0.48 over 5 years.
Is SANA a good diversifier for CMCT?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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/cmct-vs-sana.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmct-vs-sana/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMCT correlations · SANA correlations
