CTNT vs WETH: Correlation
Cheetah Net Supply Chain Service Inc. (CTNT) and Wetouch Technology Inc. (WETH) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and WETH?
On 3 years of weekly data the CTNT/WETH correlation comes out at 0.39, moderate. The past 12 months show a weaker link (-0.21) than the 3-year average (0.39). The 5-year figure is n/a, and annualized covariance runs at 21836.4 %².
Among the 21 assets we track against CTNT, WETH ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WETH outperformed by 116.9 percentage points (-99.6% for CTNT against +17.3% for WETH). One caveat on sizing: CTNT is 4.1 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 WETH: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | -99.6% | +17.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 461.2% | 112.1% |
| Beta vs S&P 500 | 2.82 | 1.71 |
| Max drawdown (3Y) | -100.0% | -83.8% |
| Market cap | – | – |
| P/E (trailing) | – | 1.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | WETH |
|---|---|---|
| 2024 | -85.3% | – |
| 2025 | -61.4% | -24.3% |
| 2026 | -99.4% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and WETH good diversifiers for each other?
Reasonably. At 0.39, CTNT and WETH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CTNT and WETH?
The CTNT/WETH correlation stands at 0.39 on a 3-year window (1 year: -0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WETH a good diversifier for CTNT?
Reasonably. At 0.39, CTNT and WETH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctnt-vs-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctnt-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTNT correlations · WETH correlations
