CTNT vs NATL: Correlation
Measured on weekly returns over the past three years, Cheetah Net Supply Chain Service Inc. (CTNT) and NCR Atleos Corporation (NATL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and NATL?
On 3 years of weekly data the CTNT/NATL correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.41 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 6985.0 %².
Among the 21 assets we track against CTNT, NATL ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NATL ahead by 113.8 points (-99.6% versus +14.2%). Risk is not evenly split, since CTNT carries 12.7 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 NATL: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | NATL (NCR Atleos Corporation) | |
|---|---|---|
| 1-year return | -99.6% | +14.2% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 461.2% | 36.3% |
| Beta vs S&P 500 | 2.82 | 0.75 |
| Max drawdown (3Y) | -100.0% | -34.7% |
| Market cap | – | $3.4B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | NATL |
|---|---|---|
| 2024 | -85.3% | +39.6% |
| 2025 | -61.4% | +12.4% |
| 2026 | -99.4% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and NATL good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTNT and NATL?
As of 2026-08-27, the correlation of weekly returns between CTNT and NATL is 0.41 over 3 years, 0.13 over 1 year and n/a over 5 years.
Is NATL a good diversifier for CTNT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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 · NATL correlations
