CNTN vs FUSE: Correlation
How closely do Canton Strategic Holdings, Inc. (CNTN) and Fusemachines Inc. (FUSE) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNTN and FUSE?
Across a 3-year window, the weekly returns of CNTN and FUSE correlate at 0.42, moderate. The past 12 months show a weaker link (-0.22) than the 3-year average (0.42). Stretching to 5 years gives 0.38, with an annualized covariance of 8577.9 %².
In CNTN's tracked universe of 11 assets, FUSE sits right near the top at #2. The last year tells two different stories: CNTN led by 42.0 percentage points, -52.6% for CNTN against -94.6% for FUSE. Risk is not evenly split, since CNTN carries 1.6 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.
CNTN vs FUSE: side by side
| CNTN (Canton Strategic Holdings, Inc.) | FUSE (Fusemachines Inc.) | |
|---|---|---|
| 1-year return | -52.6% | -94.6% |
| 5-year return | -99.8% | -92.2% |
| Volatility (ann.) | 182.3% | 111.4% |
| Beta vs S&P 500 | 0.52 | 0.31 |
| Max drawdown (3Y) | -99.0% | -96.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNTN | FUSE |
|---|---|---|
| 2023 | -94.8% | +7.6% |
| 2024 | -73.4% | +5.6% |
| 2025 | +49.3% | -85.7% |
| 2026 | -22.4% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNTN and FUSE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNTN and FUSE?
As of 2026-08-27, the correlation of weekly returns between CNTN and FUSE is 0.42 over 3 years, -0.22 over 1 year and 0.38 over 5 years.
Is FUSE a good diversifier for CNTN?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: CNTN correlations · FUSE correlations
