CUE vs UCAR: Correlation
How closely do Cue Biopharma, Inc. (CUE) and U Power Limited - Class A (UCAR) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUE and UCAR?
Over the past 3 years, CUE and UCAR moved with a correlation of 0.55, which is moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.55). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 15858.9 %².
UCAR is one of the assets that tracks CUE most closely: it ranks #2 out of the 15 assets we track against CUE. Correlation aside, the last 12 months split them widely, with CUE ahead by 110.5 points (+13.6% versus -96.9%).
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.
CUE vs UCAR: side by side
| CUE (Cue Biopharma, Inc.) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | +13.6% | -96.9% |
| 5-year return | -92.2% | n/a |
| Volatility (ann.) | 155.6% | 186.9% |
| Beta vs S&P 500 | 2.74 | 2.54 |
| Max drawdown (3Y) | -94.3% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUE | UCAR |
|---|---|---|
| 2022 | -74.8% | – |
| 2023 | -7.4% | – |
| 2024 | -58.7% | -64.0% |
| 2025 | -72.0% | -77.1% |
| 2026 | +207.8% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUE and UCAR good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CUE and UCAR?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.74 over the last year and n/a over 5 years.
Is UCAR a good diversifier for CUE?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/cue-vs-ucar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cue-vs-ucar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CUE correlations · UCAR correlations
