CNET vs GSUN: Correlation
ZW Data Action Technologies Inc. (CNET) and Golden Sun Technology Group Limited - Class A (GSUN) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNET and GSUN?
Over the past 3 years, CNET and GSUN moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 4806.4 %².
Among the 11 assets we track against CNET, GSUN ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CNET ahead by 83.9 points (-4.0% versus -87.9%).
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 GSUN: side by side
| CNET (ZW Data Action Technologies Inc.) | GSUN (Golden Sun Technology Group Limited - Class A) | |
|---|---|---|
| 1-year return | -4.0% | -87.9% |
| 5-year return | -94.9% | -99.8% |
| Volatility (ann.) | 104.7% | 120.6% |
| Beta vs S&P 500 | 1.46 | 1.12 |
| Max drawdown (3Y) | -85.2% | -98.1% |
| Market cap | – | – |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNET | GSUN |
|---|---|---|
| 2022 | -54.0% | – |
| 2023 | -63.9% | -46.3% |
| 2024 | -45.8% | -55.0% |
| 2025 | -24.4% | -57.2% |
| 2026 | +6.6% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNET and GSUN good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNET and GSUN?
As of 2026-08-27, the correlation of weekly returns between CNET and GSUN is 0.38 over 3 years, 0.46 over 1 year and 0.37 over 5 years.
Is GSUN a good diversifier for CNET?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: CNET correlations · GSUN correlations
