CNC vs GYRO: Correlation
Centene Corporation (CNC) and Gyrodyne , LLC (GYRO) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNC and GYRO?
Over the past 3 years, CNC and GYRO moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -398.3 %².
By 3-year correlation, GYRO places #25 of the 30 assets tracked against CNC. The last year tells two different stories: CNC led by 177.9 percentage points, +126.5% for CNC against -51.4% for GYRO.
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.
CNC vs GYRO: side by side
| CNC (Centene Corporation) | GYRO (Gyrodyne , LLC) | |
|---|---|---|
| 1-year return | +126.5% | -51.4% |
| 5-year return | +3.3% | -60.8% |
| Volatility (ann.) | 45.4% | 40.0% |
| Beta vs S&P 500 | 0.36 | 0.20 |
| Max drawdown (3Y) | -68.6% | -54.2% |
| Market cap | $32.3B | – |
| P/E (trailing) | – | 43.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CNC | GYRO |
|---|---|---|
| 2022 | -0.5% | -29.6% |
| 2023 | -9.5% | +23.5% |
| 2024 | -18.4% | -9.8% |
| 2025 | -32.1% | +2.4% |
| 2026 | +58.8% | -43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNC and GYRO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CNC and GYRO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.01 over the last year and -0.21 over 5 years.
Is GYRO a good diversifier for CNC?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/cnc-vs-gyro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnc-vs-gyro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNC correlations · GYRO correlations
