CTNM vs EQS: Correlation
Measured on weekly returns over the past three years, Contineum Therapeutics, Inc. (CTNM) and Equus Total Return, Inc. (EQS) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNM and EQS?
Across a 3-year window, the weekly returns of CTNM and EQS correlate at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.30). Stretching to 5 years gives n/a, with an annualized covariance of 1147.7 %².
Among the 14 assets we track against CTNM, EQS ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTNM ahead by 121.8 points (+72.3% versus -49.5%). One caveat on sizing: CTNM is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CTNM vs EQS: side by side
| CTNM (Contineum Therapeutics, Inc.) | EQS (Equus Total Return, Inc.) | |
|---|---|---|
| 1-year return | +72.3% | -49.5% |
| 5-year return | n/a | -58.6% |
| Volatility (ann.) | 72.4% | 47.4% |
| Beta vs S&P 500 | 0.55 | -0.16 |
| Max drawdown (3Y) | -84.4% | -58.6% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNM | EQS |
|---|---|---|
| 2022 | – | -39.9% |
| 2023 | – | +1.4% |
| 2024 | – | -24.1% |
| 2025 | -22.0% | +28.2% |
| 2026 | +50.9% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNM and EQS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTNM and EQS?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.17 over the last year and n/a over 5 years.
Is EQS a good diversifier for CTNM?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CTNM correlations · EQS correlations
