CTNT vs SHIM: Correlation
Measured on weekly returns over the past three years, Cheetah Net Supply Chain Service Inc. (CTNT) and Shimmick Corporation (SHIM) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and SHIM?
On 3 years of weekly data the CTNT/SHIM correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.25). The 5-year figure is n/a, and annualized covariance runs at -14224.8 %².
By 3-year correlation, SHIM places #15 of the 21 assets tracked against CTNT. Correlation aside, the last 12 months split them widely, with SHIM ahead by 120.9 points (-99.6% versus +21.3%). Risk is not evenly split, since CTNT carries 3.8 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 SHIM: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | SHIM (Shimmick Corporation) | |
|---|---|---|
| 1-year return | -99.6% | +21.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 461.2% | 120.7% |
| Beta vs S&P 500 | 2.82 | 1.54 |
| Max drawdown (3Y) | -100.0% | -82.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | SHIM |
|---|---|---|
| 2024 | -85.3% | -60.8% |
| 2025 | -61.4% | +12.7% |
| 2026 | -99.4% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and SHIM good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTNT and SHIM?
As of 2026-08-27, the correlation of weekly returns between CTNT and SHIM is -0.25 over 3 years, -0.11 over 1 year and n/a over 5 years.
Is SHIM a good diversifier for CTNT?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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 · SHIM correlations
