CTOR vs WBD: Correlation
Citius Oncology, Inc. (CTOR) and Warner Bros. Discovery (WBD) show a negative relationship: their 3-year correlation of weekly returns is -0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTOR and WBD?
On 3 years of weekly data the CTOR/WBD correlation comes out at -0.12, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.12 over 3 years. The 5-year figure is -0.11, and annualized covariance runs at -1182.2 %².
Among the 21 assets we track against CTOR, WBD ranks #9 by 3-year correlation. The last year tells two different stories: WBD led by 199.9 percentage points, -62.2% for CTOR against +137.7% for WBD. Risk is not evenly split, since CTOR carries 3.3 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.
CTOR vs WBD: side by side
| CTOR (Citius Oncology, Inc.) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | -62.2% | +137.7% |
| 5-year return | n/a | +3.7% |
| Volatility (ann.) | 182.3% | 54.7% |
| Beta vs S&P 500 | 1.25 | 1.19 |
| Max drawdown (3Y) | -98.8% | -48.9% |
| Market cap | $0.1B | $72.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CTOR | WBD |
|---|---|---|
| 2022 | – | -59.7% |
| 2023 | +7.7% | +20.0% |
| 2024 | -89.5% | -7.1% |
| 2025 | -13.0% | +172.7% |
| 2026 | -21.0% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTOR and WBD good diversifiers for each other?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTOR and WBD?
Using weekly returns as of 2026-08-27: -0.12 over 3 years, with 0.03 over the last year and -0.11 over 5 years.
Is WBD a good diversifier for CTOR?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.12 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: CTOR correlations · WBD correlations
