CTEV vs FNUC: Correlation
How closely do Claritev Corporation (CTEV) and Frontier Nuclear and Minerals Inc. (FNUC) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTEV and FNUC?
Across a 3-year window, the weekly returns of CTEV and FNUC correlate at 0.60, strong. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.60). Stretching to 5 years gives 0.51, with an annualized covariance of 23099.6 %².
By 3-year correlation, FNUC places #4 of the 12 assets tracked against CTEV. The trailing year gives CTEV the advantage: -46.0% versus -59.1%, a 13.1-point spread.
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.
CTEV vs FNUC: side by side
| CTEV (Claritev Corporation) | FNUC (Frontier Nuclear and Minerals Inc.) | |
|---|---|---|
| 1-year return | -46.0% | -59.1% |
| 5-year return | -83.9% | -99.0% |
| Volatility (ann.) | 161.9% | 237.4% |
| Beta vs S&P 500 | 1.96 | 1.55 |
| Max drawdown (3Y) | -93.4% | -94.2% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTEV | FNUC |
|---|---|---|
| 2022 | -74.0% | -60.4% |
| 2023 | +25.2% | -48.7% |
| 2024 | -74.3% | -17.9% |
| 2025 | +189.2% | -76.0% |
| 2026 | -9.3% | -43.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTEV and FNUC good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTEV and FNUC?
The CTEV/FNUC correlation stands at 0.60 on a 3-year window (1 year: 0.12, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is FNUC a good diversifier for CTEV?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/ctev-vs-fnuc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctev-vs-fnuc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTEV correlations · FNUC correlations
