CYN vs NKTR: Correlation
Measured on weekly returns over the past three years, Cyngn Inc. (CYN) and Nektar Therapeutics (NKTR) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYN and NKTR?
Over the past 3 years, CYN and NKTR moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.14) than the 3-year average (0.68). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 24294.0 %².
NKTR is one of the assets that tracks CYN most closely: it ranks #2 out of the 19 assets we track against CYN. The last year tells two different stories: NKTR led by 236.3 percentage points, -81.7% for CYN against +154.6% for NKTR. One caveat on sizing: CYN is 1.5 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.
CYN vs NKTR: side by side
| CYN (Cyngn Inc.) | NKTR (Nektar Therapeutics) | |
|---|---|---|
| 1-year return | -81.7% | +154.6% |
| 5-year return | -100.0% | -67.2% |
| Volatility (ann.) | 234.2% | 152.4% |
| Beta vs S&P 500 | 4.31 | 3.24 |
| Max drawdown (3Y) | -100.0% | -73.2% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYN | NKTR |
|---|---|---|
| 2022 | -85.0% | -83.3% |
| 2023 | -78.5% | -75.2% |
| 2024 | -94.1% | +66.1% |
| 2025 | -98.1% | +203.1% |
| 2026 | -53.8% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYN and NKTR good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CYN and NKTR?
The CYN/NKTR correlation stands at 0.68 on a 3-year window (1 year: 0.14, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is NKTR a good diversifier for CYN?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
A reading of 0.68 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cyn-vs-nktr/)
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Related comparisons
Hubs: CYN correlations · NKTR correlations
