CRNC vs STEM: Correlation
How closely do Cerence Inc. (CRNC) and Stem, Inc. (STEM) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and STEM?
Across a 3-year window, the weekly returns of CRNC and STEM correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 8952.9 %².
By 3-year correlation, STEM places #4 of the 21 assets tracked against CRNC. Correlation aside, the last 12 months split them widely, with CRNC ahead by 45.1 points (-19.8% versus -64.9%).
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.
CRNC vs STEM: side by side
| CRNC (Cerence Inc.) | STEM (Stem, Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -64.9% |
| 5-year return | -92.5% | -98.9% |
| Volatility (ann.) | 136.3% | 129.9% |
| Beta vs S&P 500 | 2.35 | 2.49 |
| Max drawdown (3Y) | -90.9% | -95.5% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNC | STEM |
|---|---|---|
| 2022 | -75.8% | -52.9% |
| 2023 | +6.1% | -56.6% |
| 2024 | -60.1% | -84.5% |
| 2025 | +36.2% | +24.8% |
| 2026 | -21.3% | -62.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and STEM good diversifiers for each other?
Only partially. A correlation of 0.51 means CRNC and STEM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRNC and STEM?
As of 2026-08-27, the correlation of weekly returns between CRNC and STEM is 0.51 over 3 years, 0.47 over 1 year and 0.48 over 5 years.
Is STEM a good diversifier for CRNC?
Only partially. A correlation of 0.51 means CRNC and STEM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crnc-vs-stem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crnc-vs-stem/)
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Related comparisons
Hubs: CRNC correlations · STEM correlations
