CNTB vs COGT: Correlation
Measured on weekly returns over the past three years, Connect Biopharma Holdings Limited (CNTB) and Cogent Biosciences, Inc. (COGT) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNTB and COGT?
On 3 years of weekly data the CNTB/COGT correlation comes out at 0.28, weak. The past 12 months show a tighter link (0.45) than the 3-year average (0.28). The 5-year figure is 0.24, and annualized covariance runs at 2931.4 %².
COGT is one of the assets that tracks CNTB most closely: it ranks #3 out of the 10 assets we track against CNTB. Correlation aside, the last 12 months split them widely, with COGT ahead by 171.7 points (+28.1% versus +199.8%).
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.
CNTB vs COGT: side by side
| CNTB (Connect Biopharma Holdings Limited) | COGT (Cogent Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +28.1% | +199.8% |
| 5-year return | -89.0% | +355.1% |
| Volatility (ann.) | 99.0% | 106.0% |
| Beta vs S&P 500 | -0.06 | 0.78 |
| Max drawdown (3Y) | -75.0% | -69.0% |
| Market cap | $0.1B | $6.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNTB | COGT |
|---|---|---|
| 2022 | -83.1% | +34.7% |
| 2023 | +35.9% | -49.1% |
| 2024 | +16.9% | +32.7% |
| 2025 | +104.3% | +355.4% |
| 2026 | -19.1% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNTB and COGT good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNTB and COGT?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.45 over the last year and 0.24 over 5 years.
Is COGT a good diversifier for CNTB?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 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/cntb-vs-cogt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cntb-vs-cogt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNTB correlations · COGT correlations
