CNCK vs GURE: Correlation
Measured on weekly returns over the past three years, Coincheck Group N.V. (CNCK) and Gulf Resources, Inc. (GURE) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNCK and GURE?
Over the past 3 years, CNCK and GURE moved with a correlation of 0.36, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.36 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 4467.0 %².
In CNCK's tracked universe of 14 assets, GURE sits right near the top at #3. Over the last 12 months GURE came out ahead by 7.2 percentage points (-59.7% against -52.5%). One caveat on sizing: GURE is 1.5 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.
CNCK vs GURE: side by side
| CNCK (Coincheck Group N.V.) | GURE (Gulf Resources, Inc.) | |
|---|---|---|
| 1-year return | -59.7% | -52.5% |
| 5-year return | -78.6% | -92.1% |
| Volatility (ann.) | 91.0% | 137.7% |
| Beta vs S&P 500 | 0.99 | -0.30 |
| Max drawdown (3Y) | -89.9% | -88.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNCK | GURE |
|---|---|---|
| 2022 | +1.8% | -28.6% |
| 2023 | +2.9% | -46.6% |
| 2024 | -13.0% | -65.5% |
| 2025 | -71.7% | -35.1% |
| 2026 | -17.5% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNCK and GURE good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNCK and GURE?
As of 2026-08-27, the correlation of weekly returns between CNCK and GURE is 0.36 over 3 years, 0.50 over 1 year and 0.34 over 5 years.
Is GURE a good diversifier for CNCK?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/cnck-vs-gure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnck-vs-gure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNCK correlations · GURE correlations
