CNX vs STLN: Correlation
CNX Resources Corporation (CNX) and Starling Oncology, Inc. (STLN) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNX and STLN?
Over the past 3 years, CNX and STLN moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.25). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -871.2 %².
Among the 12 assets we track against CNX, STLN sits near the bottom by co-movement, at rank #12. The last year tells two different stories: STLN led by 59.0 percentage points, +24.2% for CNX against +83.2% for STLN. Risk is not evenly split, since STLN carries 3.9 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.
CNX vs STLN: side by side
| CNX (CNX Resources Corporation) | STLN (Starling Oncology, Inc.) | |
|---|---|---|
| 1-year return | +24.2% | +83.2% |
| 5-year return | +229.8% | -36.1% |
| Volatility (ann.) | 29.6% | 116.5% |
| Beta vs S&P 500 | 0.41 | 1.39 |
| Max drawdown (3Y) | -33.4% | -94.8% |
| Market cap | $5.3B | $0.6B |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNX | STLN |
|---|---|---|
| 2022 | +22.5% | -83.1% |
| 2023 | +18.8% | +23.6% |
| 2024 | +83.3% | -84.9% |
| 2025 | +0.3% | +1052.1% |
| 2026 | -1.8% | +78.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNX and STLN good diversifiers for each other?
Yes. With a correlation of -0.25, CNX and STLN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNX and STLN?
As of 2026-08-27, the correlation of weekly returns between CNX and STLN is -0.25 over 3 years, -0.42 over 1 year and -0.03 over 5 years.
Is STLN a good diversifier for CNX?
Yes. With a correlation of -0.25, CNX and STLN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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
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[](https://www.pairbook.io/pair/cnx-vs-stln/)
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Related comparisons
Hubs: CNX correlations · STLN correlations
