CTNT vs DUO: Correlation
How closely do Cheetah Net Supply Chain Service Inc. (CTNT) and Fangdd Network Group Ltd. - Class A (DUO) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and DUO?
Over the past 3 years, CTNT and DUO moved with a correlation of 0.78, which is strong. Lately the two have drifted apart, with the 1-year correlation at -0.15 versus 0.78 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 100369.9 %².
In CTNT's tracked universe of 21 assets, DUO sits right near the top at #1. Correlation aside, the last 12 months split them widely, with DUO ahead by 45.8 points (-99.6% versus -53.8%). Risk is not evenly split, since CTNT carries 1.7 times the volatility of the other side.
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.
CTNT vs DUO: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | DUO (Fangdd Network Group Ltd. - Class A) | |
|---|---|---|
| 1-year return | -99.6% | -53.8% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 461.2% | 278.7% |
| Beta vs S&P 500 | 2.82 | 1.68 |
| Max drawdown (3Y) | -100.0% | -99.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | DUO |
|---|---|---|
| 2022 | – | -89.0% |
| 2023 | – | -94.2% |
| 2024 | -85.3% | -11.1% |
| 2025 | -61.4% | -84.7% |
| 2026 | -99.4% | -52.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and DUO good diversifiers for each other?
Only partially. A correlation of 0.78 means CTNT and DUO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CTNT and DUO?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with -0.15 over the last year and n/a over 5 years.
Is DUO a good diversifier for CTNT?
Only partially. A correlation of 0.78 means CTNT and DUO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 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: CTNT correlations · DUO correlations
