ACTG vs CVGI: Correlation
Acacia Research Corporation (ACTG) and Commercial Vehicle Group, Inc. (CVGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACTG and CVGI?
Across a 3-year window, the weekly returns of ACTG and CVGI correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 1202.5 %².
Among the 11 assets we track against ACTG, CVGI ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CVGI ahead by 42.2 points (+36.5% versus +78.7%). One caveat on sizing: CVGI is 2.5 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.
ACTG vs CVGI: side by side
| ACTG (Acacia Research Corporation) | CVGI (Commercial Vehicle Group, Inc.) | |
|---|---|---|
| 1-year return | +36.5% | +78.7% |
| 5-year return | -23.8% | -70.3% |
| Volatility (ann.) | 32.8% | 81.5% |
| Beta vs S&P 500 | 0.69 | 0.77 |
| Max drawdown (3Y) | -50.0% | -91.0% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACTG | CVGI |
|---|---|---|
| 2022 | -17.9% | -15.5% |
| 2023 | -6.9% | +2.9% |
| 2024 | +10.7% | -64.6% |
| 2025 | -13.8% | -41.9% |
| 2026 | +20.1% | +120.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACTG and CVGI good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACTG and CVGI?
The ACTG/CVGI correlation stands at 0.45 on a 3-year window (1 year: 0.42, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is CVGI a good diversifier for ACTG?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/actg-vs-cvgi.json
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Related comparisons
Hubs: ACTG correlations · CVGI correlations
