CTNT vs NSYS: Correlation
Cheetah Net Supply Chain Service Inc. (CTNT) and Nortech Systems Incorporated (NSYS) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and NSYS?
On 3 years of weekly data the CTNT/NSYS correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.26). The 5-year figure is n/a, and annualized covariance runs at -6340.1 %².
Within CTNT's tracked universe of 21 assets, NSYS comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NSYS outperformed by 136.2 percentage points (-99.6% for CTNT against +36.6% for NSYS). One caveat on sizing: CTNT is 8.8 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.
CTNT vs NSYS: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | NSYS (Nortech Systems Incorporated) | |
|---|---|---|
| 1-year return | -99.6% | +36.6% |
| 5-year return | n/a | -4.7% |
| Volatility (ann.) | 461.2% | 52.5% |
| Beta vs S&P 500 | 2.82 | 0.23 |
| Max drawdown (3Y) | -100.0% | -62.0% |
| Market cap | – | – |
| P/E (trailing) | – | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | NSYS |
|---|---|---|
| 2022 | – | +18.4% |
| 2023 | – | -23.1% |
| 2024 | -85.3% | +9.2% |
| 2025 | -61.4% | -27.8% |
| 2026 | -99.4% | +65.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and NSYS good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTNT and NSYS?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.11 over the last year and n/a over 5 years.
Is NSYS a good diversifier for CTNT?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/ctnt-vs-nsys.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTNT correlations · NSYS correlations
