CSBR vs UPC: Correlation
Measured on weekly returns over the past three years, Champions Oncology, Inc. (CSBR) and Universe Pharmaceuticals Inc - Class A (UPC) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSBR and UPC?
Across a 3-year window, the weekly returns of CSBR and UPC correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.25 over 3. Stretching to 5 years gives -0.20, with an annualized covariance of -2649.8 %².
Out of 11 assets tracked against CSBR, UPC lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with UPC ahead by 60.9 points (-23.9% versus +37.0%). Note the risk asymmetry: UPC runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CSBR vs UPC: side by side
| CSBR (Champions Oncology, Inc.) | UPC (Universe Pharmaceuticals Inc - Class A) | |
|---|---|---|
| 1-year return | -23.9% | +37.0% |
| 5-year return | -49.7% | -99.9% |
| Volatility (ann.) | 55.9% | 187.7% |
| Beta vs S&P 500 | 0.24 | 2.00 |
| Max drawdown (3Y) | -57.9% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSBR | UPC |
|---|---|---|
| 2022 | -46.1% | -11.3% |
| 2023 | +24.6% | -76.9% |
| 2024 | +52.5% | -98.0% |
| 2025 | -19.4% | -84.4% |
| 2026 | -27.4% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSBR and UPC good diversifiers for each other?
Yes. With a correlation of -0.25, CSBR and UPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CSBR and UPC?
The CSBR/UPC correlation stands at -0.25 on a 3-year window (1 year: -0.21, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is UPC a good diversifier for CSBR?
Yes. With a correlation of -0.25, CSBR and UPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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
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Related comparisons
Hubs: CSBR correlations · UPC correlations
