CNX vs VRME: Correlation
Measured on weekly returns over the past three years, CNX Resources Corporation (CNX) and VerifyMe, Inc. (VRME) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNX and VRME?
Over the past 3 years, CNX and VRME moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.24 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -834.5 %².
VRME is close to the least connected end of CNX's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months CNX outperformed by 46.9 percentage points (+24.2% for CNX against -22.7% for VRME). Risk is not evenly split, since VRME carries 4.0 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 VRME: side by side
| CNX (CNX Resources Corporation) | VRME (VerifyMe, Inc.) | |
|---|---|---|
| 1-year return | +24.2% | -22.7% |
| 5-year return | +229.8% | -80.2% |
| Volatility (ann.) | 29.6% | 118.8% |
| Beta vs S&P 500 | 0.41 | 0.56 |
| Max drawdown (3Y) | -33.4% | -86.3% |
| Market cap | $5.3B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNX | VRME |
|---|---|---|
| 2022 | +22.5% | -63.5% |
| 2023 | +18.8% | -3.4% |
| 2024 | +83.3% | +21.4% |
| 2025 | +0.3% | -55.8% |
| 2026 | -1.8% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNX and VRME good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CNX and VRME?
The CNX/VRME correlation stands at -0.24 on a 3-year window (1 year: -0.13, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is VRME a good diversifier for CNX?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/cnx-vs-vrme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnx-vs-vrme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNX correlations · VRME correlations
