CTNT vs FENC: Correlation
Cheetah Net Supply Chain Service Inc. (CTNT) and Fennec Pharmaceuticals Inc. (FENC) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and FENC?
Over the past 3 years, CTNT and FENC moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -7341.7 %².
Out of 21 assets tracked against CTNT, FENC lands near the bottom at #17. The last year tells two different stories: FENC led by 129.8 percentage points, -99.6% for CTNT against +30.2% for FENC. Risk is not evenly split, since CTNT carries 7.9 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 FENC: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | FENC (Fennec Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -99.6% | +30.2% |
| 5-year return | n/a | +49.7% |
| Volatility (ann.) | 461.2% | 58.3% |
| Beta vs S&P 500 | 2.82 | 1.41 |
| Max drawdown (3Y) | -100.0% | -65.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | FENC |
|---|---|---|
| 2022 | – | +118.2% |
| 2023 | – | +16.9% |
| 2024 | -85.3% | -43.7% |
| 2025 | -61.4% | +21.8% |
| 2026 | -99.4% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and FENC good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTNT and FENC?
The CTNT/FENC correlation stands at -0.27 on a 3-year window (1 year: -0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FENC a good diversifier for CTNT?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctnt-vs-fenc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctnt-vs-fenc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTNT correlations · FENC correlations
