CNSY vs LICN: Correlation
How closely do Cerenome, Inc. (CNSY) and Lichen International Limited - Class A (LICN) 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 CNSY and LICN?
Across a 3-year window, the weekly returns of CNSY and LICN correlate at 0.43, moderate. The past 12 months show a weaker link (-0.09) than the 3-year average (0.43). Stretching to 5 years gives n/a, with an annualized covariance of 568854.6 %².
Few assets follow CNSY as closely as LICN, which ranks #3 of 11 tracked partners. Twelve-month performance is nearly a tie, at -74.7% for CNSY and -74.7% for LICN. Risk is not evenly split, since LICN carries 55.1 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.
CNSY vs LICN: side by side
| CNSY (Cerenome, Inc.) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -74.7% | -74.7% |
| 5-year return | -99.6% | n/a |
| Volatility (ann.) | 154.9% | 8528.0% |
| Beta vs S&P 500 | 2.28 | -80.22 |
| Max drawdown (3Y) | -96.1% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | 1.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNSY | LICN |
|---|---|---|
| 2022 | -69.5% | – |
| 2023 | -63.5% | – |
| 2024 | -34.3% | -91.0% |
| 2025 | -55.7% | +1484.3% |
| 2026 | -75.7% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNSY and LICN 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 CNSY and LICN?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with -0.09 over the last year and n/a over 5 years.
Is LICN a good diversifier for CNSY?
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?
On the −1 to +1 scale, 0.43 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/cnsy-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnsy-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNSY correlations · LICN correlations
