AGIG vs SVRN: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and OceanPal Inc. (SVRN) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and SVRN?
Over the past 3 years, AGIG and SVRN moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.02) than the 3-year average (0.41). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 10007.6 %².
Among the 34 assets we track against AGIG, SVRN ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SVRN ahead by 16.5 points (-88.7% versus -72.2%).
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.
AGIG vs SVRN: side by side
| AGIG (Abundia Global Impact Group Inc.) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | -88.7% | -72.2% |
| 5-year return | -94.6% | -100.0% |
| Volatility (ann.) | 157.1% | 153.9% |
| Beta vs S&P 500 | -0.21 | 0.71 |
| Max drawdown (3Y) | -96.7% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | SVRN |
|---|---|---|
| 2022 | +140.6% | -99.4% |
| 2023 | -48.0% | -90.0% |
| 2024 | -27.9% | -48.0% |
| 2025 | -84.7% | -96.3% |
| 2026 | -51.0% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and SVRN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGIG and SVRN?
As of 2026-08-27, the correlation of weekly returns between AGIG and SVRN is 0.41 over 3 years, 0.02 over 1 year and 0.32 over 5 years.
Is SVRN a good diversifier for AGIG?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGIG correlations · SVRN correlations
