CNET vs IPW: Correlation
Measured on weekly returns over the past three years, ZW Data Action Technologies Inc. (CNET) and iPower Inc. (IPW) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNET and IPW?
On 3 years of weekly data the CNET/IPW correlation comes out at 0.49, moderate. The past 12 months show a tighter link (0.75) than the 3-year average (0.49). The 5-year figure is 0.38, and annualized covariance runs at 20634.9 %².
In CNET's tracked universe of 11 assets, IPW sits right near the top at #3. The last year tells two different stories: CNET led by 94.6 percentage points, -4.0% for CNET against -98.6% for IPW. Note the risk asymmetry: IPW runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 IPW: side by side
| CNET (ZW Data Action Technologies Inc.) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | -4.0% | -98.6% |
| 5-year return | -94.9% | -99.8% |
| Volatility (ann.) | 104.7% | 405.9% |
| Beta vs S&P 500 | 1.46 | 2.99 |
| Max drawdown (3Y) | -85.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNET | IPW |
|---|---|---|
| 2022 | -54.0% | -83.2% |
| 2023 | -63.9% | +12.5% |
| 2024 | -45.8% | +85.1% |
| 2025 | -24.4% | -70.1% |
| 2026 | +6.6% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNET and IPW good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNET and IPW?
As of 2026-08-27, the correlation of weekly returns between CNET and IPW is 0.49 over 3 years, 0.75 over 1 year and 0.38 over 5 years.
Is IPW a good diversifier for CNET?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/cnet-vs-ipw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnet-vs-ipw/)
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Related comparisons
Hubs: CNET correlations · IPW correlations
