CNTX vs GEG: Correlation
How closely do Context Therapeutics Inc. (CNTX) and Great Elm Group, Inc. (GEG) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNTX and GEG?
On 3 years of weekly data the CNTX/GEG correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.27 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -903.4 %².
Among the 10 assets we track against CNTX, GEG sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with GEG ahead by 41.2 points (-51.6% versus -10.4%). Note the risk asymmetry: CNTX runs 3.1 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.
CNTX vs GEG: side by side
| CNTX (Context Therapeutics Inc.) | GEG (Great Elm Group, Inc.) | |
|---|---|---|
| 1-year return | -51.6% | -10.4% |
| 5-year return | -91.8% | -7.3% |
| Volatility (ann.) | 102.4% | 33.0% |
| Beta vs S&P 500 | 0.87 | 0.15 |
| Max drawdown (3Y) | -87.6% | -41.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNTX | GEG |
|---|---|---|
| 2022 | -75.5% | -3.3% |
| 2023 | +73.3% | -4.0% |
| 2024 | -7.1% | -6.7% |
| 2025 | +40.0% | +40.9% |
| 2026 | -71.7% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNTX and GEG good diversifiers for each other?
Yes. With a correlation of -0.27, CNTX and GEG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNTX and GEG?
The CNTX/GEG correlation stands at -0.27 on a 3-year window (1 year: -0.41, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is GEG a good diversifier for CNTX?
Yes. With a correlation of -0.27, CNTX and GEG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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
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[](https://www.pairbook.io/pair/cntx-vs-geg/)
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Related comparisons
Hubs: CNTX correlations · GEG correlations
