CTNT vs LWAY: Correlation
How closely do Cheetah Net Supply Chain Service Inc. (CTNT) and Lifeway Foods, Inc. (LWAY) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and LWAY?
On 3 years of weekly data the CTNT/LWAY correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.22). The 5-year figure is n/a, and annualized covariance runs at -7430.6 %².
Among the 21 assets we track against CTNT, LWAY ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LWAY outperformed by 85.5 percentage points (-99.6% for CTNT against -14.1% for LWAY). Note the risk asymmetry: CTNT runs 6.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 LWAY: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | LWAY (Lifeway Foods, Inc.) | |
|---|---|---|
| 1-year return | -99.6% | -14.1% |
| 5-year return | n/a | +385.7% |
| Volatility (ann.) | 461.2% | 73.8% |
| Beta vs S&P 500 | 2.82 | 0.75 |
| Max drawdown (3Y) | -100.0% | -60.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 38.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | LWAY |
|---|---|---|
| 2022 | – | +20.7% |
| 2023 | – | +141.6% |
| 2024 | -85.3% | +84.9% |
| 2025 | -61.4% | -2.3% |
| 2026 | -99.4% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and LWAY good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTNT and LWAY?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is LWAY a good diversifier for CTNT?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: CTNT correlations · LWAY correlations
