CRBP vs WNW: Correlation
How closely do Corbus Pharmaceuticals Holdings, Inc. (CRBP) and Meiwu Technology Company Limited (WNW) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBP and WNW?
Over the past 3 years, CRBP and WNW moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 13265.2 %².
By 3-year correlation, WNW places #8 of the 17 assets tracked against CRBP. Their recent paths diverged sharply: over the last 12 months CRBP outperformed by 104.4 percentage points (+6.3% for CRBP against -98.1% for WNW).
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.
CRBP vs WNW: side by side
| CRBP (Corbus Pharmaceuticals Holdings, Inc.) | WNW (Meiwu Technology Company Limited) | |
|---|---|---|
| 1-year return | +6.3% | -98.1% |
| 5-year return | -68.8% | -100.0% |
| Volatility (ann.) | 207.1% | 167.8% |
| Beta vs S&P 500 | 1.79 | 1.36 |
| Max drawdown (3Y) | -92.0% | -100.0% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBP | WNW |
|---|---|---|
| 2022 | -82.0% | -91.9% |
| 2023 | +81.4% | -49.4% |
| 2024 | +95.4% | -38.5% |
| 2025 | -31.0% | -96.7% |
| 2026 | +36.7% | -97.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBP and WNW good diversifiers for each other?
Reasonably. At 0.38, CRBP and WNW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRBP and WNW?
The CRBP/WNW correlation stands at 0.38 on a 3-year window (1 year: 0.13, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is WNW a good diversifier for CRBP?
Reasonably. At 0.38, CRBP and WNW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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
$ curl https://www.pairbook.io/api/v1/pairs/crbp-vs-wnw.json
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Related comparisons
Hubs: CRBP correlations · WNW correlations
