CNCK vs NFE: Correlation
Coincheck Group N.V. (CNCK) and New Fortress Energy Inc. (NFE) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNCK and NFE?
Over the past 3 years, CNCK and NFE moved with a correlation of 0.33, which is moderate. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 3256.7 %².
Within CNCK's tracked universe of 14 assets, NFE comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CNCK outperformed by 28.6 percentage points (-59.7% for CNCK against -88.3% for NFE).
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 NFE: side by side
| CNCK (Coincheck Group N.V.) | NFE (New Fortress Energy Inc.) | |
|---|---|---|
| 1-year return | -59.7% | -88.3% |
| 5-year return | -78.6% | -98.8% |
| Volatility (ann.) | 91.0% | 109.0% |
| Beta vs S&P 500 | 0.99 | 1.67 |
| Max drawdown (3Y) | -89.9% | -99.3% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNCK | NFE |
|---|---|---|
| 2022 | +1.8% | +77.4% |
| 2023 | +2.9% | -3.1% |
| 2024 | -13.0% | -59.2% |
| 2025 | -71.7% | -92.5% |
| 2026 | -17.5% | -73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNCK and NFE good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNCK and NFE?
As of 2026-08-27, the correlation of weekly returns between CNCK and NFE is 0.33 over 3 years, 0.24 over 1 year and 0.30 over 5 years.
Is NFE a good diversifier for CNCK?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/cnck-vs-nfe.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnck-vs-nfe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNCK correlations · NFE correlations
