CNSY vs MT: Correlation
How closely do Cerenome, Inc. (CNSY) and Arcelor Mittal NY Registry Shares NEW (MT) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNSY and MT?
Over the past 3 years, CNSY and MT moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2232.6 %².
Among the 11 assets we track against CNSY, MT ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MT ahead by 204.9 points (-74.7% versus +130.2%). Note the risk asymmetry: CNSY runs 4.2 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.
CNSY vs MT: side by side
| CNSY (Cerenome, Inc.) | MT (Arcelor Mittal NY Registry Shares NEW) | |
|---|---|---|
| 1-year return | -74.7% | +130.2% |
| 5-year return | -99.6% | +134.6% |
| Volatility (ann.) | 154.9% | 37.2% |
| Beta vs S&P 500 | 2.28 | 1.19 |
| Max drawdown (3Y) | -96.1% | -30.8% |
| Market cap | – | $56.3B |
| P/E (trailing) | 1.0 | 31.4 |
| Dividend yield | 0.00% | 0.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNSY | MT |
|---|---|---|
| 2022 | -69.5% | -16.4% |
| 2023 | -63.5% | +10.3% |
| 2024 | -34.3% | -16.9% |
| 2025 | -55.7% | +100.1% |
| 2026 | -75.7% | +64.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNSY and MT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNSY and MT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.32 over the last year and 0.31 over 5 years.
Is MT a good diversifier for CNSY?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnsy-vs-mt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnsy-vs-mt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNSY correlations · MT correlations
