CYTK vs SSM: Correlation
Measured on weekly returns over the past three years, Cytokinetics, Incorporated (CYTK) and Sono Group N.V. (SSM) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYTK and SSM?
Across a 3-year window, the weekly returns of CYTK and SSM correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 58695.2 %².
Few assets follow CYTK as closely as SSM, which ranks #1 of 13 tracked partners. The last year tells two different stories: CYTK led by 156.4 percentage points, +105.9% for CYTK against -50.5% for SSM. Note the risk asymmetry: SSM runs 16.4 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.
CYTK vs SSM: side by side
| CYTK (Cytokinetics, Incorporated) | SSM (Sono Group N.V.) | |
|---|---|---|
| 1-year return | +105.9% | -50.5% |
| 5-year return | +138.5% | -99.9% |
| Volatility (ann.) | 73.4% | 1204.8% |
| Beta vs S&P 500 | 0.92 | 0.56 |
| Max drawdown (3Y) | -72.4% | -99.4% |
| Market cap | $10.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYTK | SSM |
|---|---|---|
| 2022 | +0.5% | -89.8% |
| 2023 | +82.2% | -93.9% |
| 2024 | -43.7% | -16.7% |
| 2025 | +35.1% | +86.7% |
| 2026 | +22.6% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYTK and SSM good diversifiers for each other?
Only partially. A correlation of 0.66 means CYTK and SSM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CYTK and SSM?
The CYTK/SSM correlation stands at 0.66 on a 3-year window (1 year: 0.76, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is SSM a good diversifier for CYTK?
Only partially. A correlation of 0.66 means CYTK and SSM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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/cytk-vs-ssm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cytk-vs-ssm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYTK correlations · SSM correlations
