CMCT vs SRZN: Correlation
How closely do Creative Media (CMCT) and Surrozen, Inc. (SRZN) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and SRZN?
On 3 years of weekly data the CMCT/SRZN correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.20) than the 3-year average (-0.18). The 5-year figure is -0.12, and annualized covariance runs at -4801.1 %².
Within CMCT's tracked universe of 25 assets, SRZN comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SRZN outperformed by 210.0 percentage points (-99.4% for CMCT against +110.6% for SRZN). Risk is not evenly split, since CMCT carries 3.6 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.
CMCT vs SRZN: side by side
| CMCT (Creative Media) | SRZN (Surrozen, Inc.) | |
|---|---|---|
| 1-year return | -99.4% | +110.6% |
| 5-year return | -100.0% | -80.6% |
| Volatility (ann.) | 305.8% | 85.6% |
| Beta vs S&P 500 | 1.22 | 0.14 |
| Max drawdown (3Y) | -100.0% | -61.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCT | SRZN |
|---|---|---|
| 2022 | -29.7% | -91.0% |
| 2023 | -18.2% | +7.7% |
| 2024 | -93.3% | +52.7% |
| 2025 | -35.5% | +57.5% |
| 2026 | -98.9% | +6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and SRZN good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMCT and SRZN?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with 0.20 over the last year and -0.12 over 5 years.
Is SRZN a good diversifier for CMCT?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmct-vs-srzn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmct-vs-srzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCT correlations · SRZN correlations
