CNTN vs TWIN: Correlation
Canton Strategic Holdings, Inc. (CNTN) and Twin Disc, Incorporated (TWIN) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNTN and TWIN?
On 3 years of weekly data the CNTN/TWIN correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.36 over 3 years. The 5-year figure is 0.23, and annualized covariance runs at 3362.5 %².
By 3-year correlation, TWIN places #4 of the 11 assets tracked against CNTN. The last year tells two different stories: TWIN led by 138.8 percentage points, -52.6% for CNTN against +86.2% for TWIN. One caveat on sizing: CNTN is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TWIN: side by side
| CNTN (Canton Strategic Holdings, Inc.) | TWIN (Twin Disc, Incorporated) | |
|---|---|---|
| 1-year return | -52.6% | +86.2% |
| 5-year return | -99.8% | +98.7% |
| Volatility (ann.) | 182.3% | 50.6% |
| Beta vs S&P 500 | 0.52 | 0.83 |
| Max drawdown (3Y) | -99.0% | -64.4% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 0.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNTN | TWIN |
|---|---|---|
| 2022 | – | -11.3% |
| 2023 | -94.8% | +66.7% |
| 2024 | -73.4% | -26.4% |
| 2025 | +49.3% | +44.4% |
| 2026 | -22.4% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNTN and TWIN good diversifiers for each other?
Reasonably. At 0.36, CNTN and TWIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNTN and TWIN?
As of 2026-08-27, the correlation of weekly returns between CNTN and TWIN is 0.36 over 3 years, -0.03 over 1 year and 0.23 over 5 years.
Is TWIN a good diversifier for CNTN?
Reasonably. At 0.36, CNTN and TWIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cntn-vs-twin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cntn-vs-twin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNTN correlations · TWIN correlations
