ALHC vs CVI: Correlation
Measured on weekly returns over the past three years, Alignment Healthcare, Inc. (ALHC) and CVR Energy Inc. (CVI) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALHC and CVI?
Over the past 3 years, ALHC and CVI moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -830.7 %².
Out of 15 assets tracked against ALHC, CVI lands near the bottom at #15. The last year tells two different stories: CVI led by 51.3 percentage points, -16.0% for ALHC against +35.3% for CVI.
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.
ALHC vs CVI: side by side
| ALHC (Alignment Healthcare, Inc.) | CVI (CVR Energy Inc.) | |
|---|---|---|
| 1-year return | -16.0% | +35.3% |
| 5-year return | -25.5% | +297.3% |
| Volatility (ann.) | 59.1% | 51.8% |
| Beta vs S&P 500 | 0.29 | 0.71 |
| Max drawdown (3Y) | -50.3% | -56.2% |
| Market cap | $2.8B | $4.0B |
| P/E (trailing) | 75.3 | 58.5 |
| Dividend yield | 0.00% | 1.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALHC | CVI |
|---|---|---|
| 2022 | -16.4% | +115.4% |
| 2023 | -26.8% | +11.5% |
| 2024 | +30.7% | -34.9% |
| 2025 | +75.6% | +35.8% |
| 2026 | -31.3% | +57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALHC and CVI good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALHC and CVI?
The ALHC/CVI correlation stands at -0.27 on a 3-year window (1 year: -0.29, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is CVI a good diversifier for ALHC?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/alhc-vs-cvi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alhc-vs-cvi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALHC correlations · CVI correlations
