CNSP vs FABC: Correlation
How closely do CNS Pharmaceuticals, Inc. (CNSP) and Fabric.AI, Inc. (FABC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNSP and FABC?
Across a 3-year window, the weekly returns of CNSP and FABC correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.38, with an annualized covariance of 7602.7 %².
By 3-year correlation, FABC places #7 of the 18 assets tracked against CNSP. The last year tells two different stories: CNSP led by 40.4 percentage points, -12.3% for CNSP against -52.7% for FABC. Note the risk asymmetry: CNSP runs 2.1 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.
CNSP vs FABC: side by side
| CNSP (CNS Pharmaceuticals, Inc.) | FABC (Fabric.AI, Inc.) | |
|---|---|---|
| 1-year return | -12.3% | -52.7% |
| 5-year return | -100.0% | -99.5% |
| Volatility (ann.) | 191.6% | 91.5% |
| Beta vs S&P 500 | 2.85 | 1.87 |
| Max drawdown (3Y) | -100.0% | -97.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNSP | FABC |
|---|---|---|
| 2022 | -88.6% | -76.4% |
| 2023 | -47.1% | -42.1% |
| 2024 | -99.8% | -61.4% |
| 2025 | -92.7% | -77.5% |
| 2026 | +5.1% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNSP and FABC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNSP and FABC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.60 over the last year and 0.38 over 5 years.
Is FABC a good diversifier for CNSP?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/cnsp-vs-fabc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnsp-vs-fabc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNSP correlations · FABC correlations
