CTNT vs VTSI: Correlation
How closely do Cheetah Net Supply Chain Service Inc. (CTNT) and VirTra, Inc. (VTSI) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and VTSI?
Across a 3-year window, the weekly returns of CTNT and VTSI correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.00 versus -0.29 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -9163.9 %².
VTSI is close to the least connected end of CTNT's tracked universe, ranking #19 of 21. Their recent paths diverged sharply: over the last 12 months VTSI outperformed by 51.2 percentage points (-99.6% for CTNT against -48.4% for VTSI). Risk is not evenly split, since CTNT carries 6.7 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 VTSI: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | VTSI (VirTra, Inc.) | |
|---|---|---|
| 1-year return | -99.6% | -48.4% |
| 5-year return | n/a | -61.2% |
| Volatility (ann.) | 461.2% | 68.4% |
| Beta vs S&P 500 | 2.82 | 1.24 |
| Max drawdown (3Y) | -100.0% | -82.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | VTSI |
|---|---|---|
| 2022 | – | -33.1% |
| 2023 | – | +102.4% |
| 2024 | -85.3% | -28.7% |
| 2025 | -61.4% | -37.8% |
| 2026 | -99.4% | -26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and VTSI good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTNT and VTSI?
As of 2026-08-27, the correlation of weekly returns between CTNT and VTSI is -0.29 over 3 years, 0.00 over 1 year and n/a over 5 years.
Is VTSI a good diversifier for CTNT?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctnt-vs-vtsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctnt-vs-vtsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTNT correlations · VTSI correlations
