CNR vs PRMB: Correlation
How closely do Core Natural Resources, Inc. (CNR) and Primo Brands Corporation (PRMB) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNR and PRMB?
Across a 3-year window, the weekly returns of CNR and PRMB correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.10, with an annualized covariance of -403.9 %².
Out of 13 assets tracked against CNR, PRMB lands near the bottom at #12. The last year tells two different stories: CNR led by 50.2 percentage points, +40.3% for CNR against -9.9% for PRMB.
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.
CNR vs PRMB: side by side
| CNR (Core Natural Resources, Inc.) | PRMB (Primo Brands Corporation) | |
|---|---|---|
| 1-year return | +40.3% | -9.9% |
| 5-year return | +395.6% | +43.1% |
| Volatility (ann.) | 43.9% | 39.7% |
| Beta vs S&P 500 | 0.53 | 0.62 |
| Max drawdown (3Y) | -52.1% | -59.1% |
| Market cap | $5.0B | $8.1B |
| P/E (trailing) | 49.3 | 77.4 |
| Dividend yield | 0.41% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNR | PRMB |
|---|---|---|
| 2022 | +195.5% | -10.1% |
| 2023 | +60.7% | -0.9% |
| 2024 | +6.6% | +114.6% |
| 2025 | -16.6% | -46.0% |
| 2026 | +15.1% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNR and PRMB good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CNR and PRMB?
The CNR/PRMB correlation stands at -0.23 on a 3-year window (1 year: -0.40, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is PRMB a good diversifier for CNR?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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: CNR correlations · PRMB correlations
