CRIS vs NEON: Correlation
How closely do Curis, Inc. (CRIS) and Neonode Inc. (NEON) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRIS and NEON?
On 3 years of weekly data the CRIS/NEON correlation comes out at 0.36, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.36). The 5-year figure is 0.26, and annualized covariance runs at 4478.8 %².
Within CRIS's tracked universe of 15 assets, NEON comes in at #8 by 3-year correlation. Twelve-month performance is nearly a tie, at -95.4% for CRIS and -96.2% for NEON.
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.
CRIS vs NEON: side by side
| CRIS (Curis, Inc.) | NEON (Neonode Inc.) | |
|---|---|---|
| 1-year return | -95.4% | -96.2% |
| 5-year return | -100.0% | -82.6% |
| Volatility (ann.) | 104.6% | 119.0% |
| Beta vs S&P 500 | 2.80 | 1.95 |
| Max drawdown (3Y) | -99.6% | -97.4% |
| Market cap | – | – |
| P/E (trailing) | 0.4 | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRIS | NEON |
|---|---|---|
| 2022 | -88.4% | -37.9% |
| 2023 | +15.9% | -58.4% |
| 2024 | -76.0% | +259.4% |
| 2025 | -67.6% | -78.9% |
| 2026 | -92.4% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRIS and NEON good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRIS and NEON?
The CRIS/NEON correlation stands at 0.36 on a 3-year window (1 year: 0.16, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is NEON a good diversifier for CRIS?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/cris-vs-neon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cris-vs-neon/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRIS correlations · NEON correlations
