CYN vs KEQU: Correlation
How closely do Cyngn Inc. (CYN) and Kewaunee Scientific Corporation (KEQU) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYN and KEQU?
Over the past 3 years, CYN and KEQU moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.25 versus 0.39 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 5623.1 %².
By 3-year correlation, KEQU places #8 of the 19 assets tracked against CYN. Correlation aside, the last 12 months split them widely, with KEQU ahead by 49.7 points (-81.7% versus -32.0%). Note the risk asymmetry: CYN runs 3.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CYN vs KEQU: side by side
| CYN (Cyngn Inc.) | KEQU (Kewaunee Scientific Corporation) | |
|---|---|---|
| 1-year return | -81.7% | -32.0% |
| 5-year return | -100.0% | +186.6% |
| Volatility (ann.) | 234.2% | 61.0% |
| Beta vs S&P 500 | 4.31 | 0.69 |
| Max drawdown (3Y) | -100.0% | -55.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 11.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYN | KEQU |
|---|---|---|
| 2022 | -85.0% | +25.6% |
| 2023 | -78.5% | +82.3% |
| 2024 | -94.1% | +112.8% |
| 2025 | -98.1% | -39.5% |
| 2026 | -53.8% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYN and KEQU good diversifiers for each other?
Reasonably. At 0.39, CYN and KEQU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CYN and KEQU?
As of 2026-08-27, the correlation of weekly returns between CYN and KEQU is 0.39 over 3 years, -0.25 over 1 year and 0.31 over 5 years.
Is KEQU a good diversifier for CYN?
Reasonably. At 0.39, CYN and KEQU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/cyn-vs-kequ.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cyn-vs-kequ/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CYN correlations · KEQU correlations
