CYCN vs TH: Correlation
Cyclerion Therapeutics, Inc. (CYCN) and Target Hospitality Corp. (TH) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYCN and TH?
Over the past 3 years, CYCN and TH moved with a correlation of 0.32, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.32 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 4231.8 %².
Among the 21 assets we track against CYCN, TH ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TH outperformed by 58.2 percentage points (+55.3% for CYCN against +113.5% for TH). Risk is not evenly split, since CYCN 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.
CYCN vs TH: side by side
| CYCN (Cyclerion Therapeutics, Inc.) | TH (Target Hospitality Corp.) | |
|---|---|---|
| 1-year return | +55.3% | +113.5% |
| 5-year return | -93.7% | +383.7% |
| Volatility (ann.) | 208.6% | 63.3% |
| Beta vs S&P 500 | 1.03 | 0.47 |
| Max drawdown (3Y) | -83.0% | -69.1% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYCN | TH |
|---|---|---|
| 2022 | -61.9% | +325.3% |
| 2023 | -74.5% | -35.7% |
| 2024 | -3.9% | -0.7% |
| 2025 | -60.6% | -17.1% |
| 2026 | +214.2% | +136.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYCN and TH good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CYCN and TH?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.62 over the last year and 0.25 over 5 years.
Is TH a good diversifier for CYCN?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/cycn-vs-th.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cycn-vs-th/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYCN correlations · TH correlations
