CNET vs FCUV: Correlation
How closely do ZW Data Action Technologies Inc. (CNET) and Focus Universal Inc. (FCUV) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNET and FCUV?
Over the past 3 years, CNET and FCUV moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.73) than the 3-year average (0.50). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 15157.2 %².
In CNET's tracked universe of 11 assets, FCUV sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CNET outperformed by 81.8 percentage points (-4.0% for CNET against -85.8% for FCUV). Risk is not evenly split, since FCUV carries 2.7 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.
CNET vs FCUV: side by side
| CNET (ZW Data Action Technologies Inc.) | FCUV (Focus Universal Inc.) | |
|---|---|---|
| 1-year return | -4.0% | -85.8% |
| 5-year return | -94.9% | -99.4% |
| Volatility (ann.) | 104.7% | 287.5% |
| Beta vs S&P 500 | 1.46 | 0.68 |
| Max drawdown (3Y) | -85.2% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNET | FCUV |
|---|---|---|
| 2022 | -54.0% | -27.7% |
| 2023 | -63.9% | -65.8% |
| 2024 | -45.8% | -76.0% |
| 2025 | -24.4% | -76.9% |
| 2026 | +6.6% | -67.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNET and FCUV good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNET and FCUV?
As of 2026-08-27, the correlation of weekly returns between CNET and FCUV is 0.50 over 3 years, 0.73 over 1 year and 0.41 over 5 years.
Is FCUV a good diversifier for CNET?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/cnet-vs-fcuv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnet-vs-fcuv/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: CNET correlations · FCUV correlations
