CTNM vs FTRE: Correlation
Contineum Therapeutics, Inc. (CTNM) and Fortrea Holdings Inc. (FTRE) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNM and FTRE?
Over the past 3 years, CTNM and FTRE moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.42 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2576.7 %².
Few assets follow CTNM as closely as FTRE, which ranks #2 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months FTRE outperformed by 36.6 percentage points (+72.3% for CTNM against +108.9% for FTRE).
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 FTRE: side by side
| CTNM (Contineum Therapeutics, Inc.) | FTRE (Fortrea Holdings Inc.) | |
|---|---|---|
| 1-year return | +72.3% | +108.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 72.4% | 78.9% |
| Beta vs S&P 500 | 0.55 | 1.59 |
| Max drawdown (3Y) | -84.4% | -89.9% |
| Market cap | $0.6B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNM | FTRE |
|---|---|---|
| 2024 | – | -46.6% |
| 2025 | -22.0% | -7.5% |
| 2026 | +50.9% | +9.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNM and FTRE good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTNM and FTRE?
The CTNM/FTRE correlation stands at 0.42 on a 3-year window (1 year: 0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FTRE a good diversifier for CTNM?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/ctnm-vs-ftre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctnm-vs-ftre/)
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Related comparisons
Hubs: CTNM correlations · FTRE correlations
