CNSP vs WALD: Correlation
CNS Pharmaceuticals, Inc. (CNSP) and Waldencast plc - Class A (WALD) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNSP and WALD?
On 3 years of weekly data the CNSP/WALD correlation comes out at 0.47, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.47). The 5-year figure is 0.34, and annualized covariance runs at 8492.4 %².
Within CNSP's tracked universe of 18 assets, WALD comes in at #4 by 3-year correlation. Neither side won the trailing year by much: -12.3% against -16.0%. Risk is not evenly split, since CNSP carries 2.0 times the volatility of the other side.
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 WALD: side by side
| CNSP (CNS Pharmaceuticals, Inc.) | WALD (Waldencast plc - Class A) | |
|---|---|---|
| 1-year return | -12.3% | -16.0% |
| 5-year return | -100.0% | -86.1% |
| Volatility (ann.) | 191.6% | 95.0% |
| Beta vs S&P 500 | 2.85 | 0.48 |
| Max drawdown (3Y) | -100.0% | -93.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNSP | WALD |
|---|---|---|
| 2022 | -88.6% | -8.8% |
| 2023 | -47.1% | +20.6% |
| 2024 | -99.8% | -63.3% |
| 2025 | -92.7% | -53.2% |
| 2026 | +5.1% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNSP and WALD good diversifiers for each other?
Reasonably. At 0.47, CNSP and WALD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNSP and WALD?
The CNSP/WALD correlation stands at 0.47 on a 3-year window (1 year: 0.63, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is WALD a good diversifier for CNSP?
Reasonably. At 0.47, CNSP and WALD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/cnsp-vs-wald.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnsp-vs-wald/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNSP correlations · WALD correlations
