CTNM vs NUTX: Correlation
Measured on weekly returns over the past three years, Contineum Therapeutics, Inc. (CTNM) and Nutex Health Inc. (NUTX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNM and NUTX?
On 3 years of weekly data the CTNM/NUTX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.24). The 5-year figure is n/a, and annualized covariance runs at -2184.6 %².
Among the 14 assets we track against CTNM, NUTX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with NUTX ahead by 43.7 points (+72.3% versus +116.0%). One caveat on sizing: NUTX is 1.7 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 NUTX: side by side
| CTNM (Contineum Therapeutics, Inc.) | NUTX (Nutex Health Inc.) | |
|---|---|---|
| 1-year return | +72.3% | +116.0% |
| 5-year return | n/a | -96.8% |
| Volatility (ann.) | 72.4% | 120.6% |
| Beta vs S&P 500 | 0.55 | 2.13 |
| Max drawdown (3Y) | -84.4% | -90.7% |
| Market cap | $0.6B | $1.3B |
| P/E (trailing) | – | 7.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNM | NUTX |
|---|---|---|
| 2023 | – | -90.5% |
| 2024 | – | +17.4% |
| 2025 | -22.0% | +419.5% |
| 2026 | +50.9% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNM and NUTX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTNM and NUTX?
The CTNM/NUTX correlation stands at -0.24 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NUTX a good diversifier for CTNM?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctnm-vs-nutx/)
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Related comparisons
Hubs: CTNM correlations · NUTX correlations
