CRNC vs VSTM: Correlation
Cerence Inc. (CRNC) and Verastem, Inc. (VSTM) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and VSTM?
On 3 years of weekly data the CRNC/VSTM correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.41). The 5-year figure is 0.35, and annualized covariance runs at 5661.7 %².
Within CRNC's tracked universe of 21 assets, VSTM comes in at #11 by 3-year correlation. Neither side won the trailing year by much: -19.8% against -20.6%.
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 VSTM: side by side
| CRNC (Cerence Inc.) | VSTM (Verastem, Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -20.6% |
| 5-year return | -92.5% | -77.0% |
| Volatility (ann.) | 136.3% | 102.2% |
| Beta vs S&P 500 | 2.35 | 1.38 |
| Max drawdown (3Y) | -90.9% | -84.4% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNC | VSTM |
|---|---|---|
| 2022 | -75.8% | -80.5% |
| 2023 | +6.1% | +69.6% |
| 2024 | -60.1% | -36.5% |
| 2025 | +36.2% | +49.3% |
| 2026 | -21.3% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and VSTM good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRNC and VSTM?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.18 over the last year and 0.35 over 5 years.
Is VSTM a good diversifier for CRNC?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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-vstm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crnc-vs-vstm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRNC correlations · VSTM correlations
