CNR vs PSKY: Correlation
Measured on weekly returns over the past three years, Core Natural Resources, Inc. (CNR) and Paramount Skydance Corporation (PSKY) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNR and PSKY?
Over the past 3 years, CNR and PSKY moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.15 over 3 years. Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is -368.5 %².
PSKY is close to the least connected end of CNR's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months CNR outperformed by 66.2 percentage points (+40.3% for CNR against -25.9% for PSKY).
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 PSKY: side by side
| CNR (Core Natural Resources, Inc.) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +40.3% | -25.9% |
| 5-year return | +395.6% | -69.8% |
| Volatility (ann.) | 43.9% | 54.4% |
| Beta vs S&P 500 | 0.53 | 0.92 |
| Max drawdown (3Y) | -52.1% | -59.9% |
| Market cap | $5.0B | $12.1B |
| P/E (trailing) | 49.3 | 360.0 |
| Dividend yield | 0.41% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CNR | PSKY |
|---|---|---|
| 2022 | +195.5% | -41.8% |
| 2023 | +60.7% | -10.4% |
| 2024 | +6.6% | -28.0% |
| 2025 | -16.6% | +30.0% |
| 2026 | +15.1% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNR and PSKY good diversifiers for each other?
Yes. With a correlation of -0.15, CNR and PSKY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNR and PSKY?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.32 over the last year and 0.03 over 5 years.
Is PSKY a good diversifier for CNR?
Yes. With a correlation of -0.15, CNR and PSKY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnr-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnr-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNR correlations · PSKY correlations
