APEI vs CVSA: Correlation
How closely do American Public Education, Inc. (APEI) and Covista Inc. (CVSA) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APEI and CVSA?
On 3 years of weekly data the APEI/CVSA correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 925.7 %².
Among the 12 assets we track against APEI, CVSA ranks #4 by 3-year correlation. The last year tells two different stories: APEI led by 46.0 percentage points, +50.5% for APEI against +4.5% for CVSA.
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.
APEI vs CVSA: side by side
| APEI (American Public Education, Inc.) | CVSA (Covista Inc.) | |
|---|---|---|
| 1-year return | +50.5% | +4.5% |
| 5-year return | +76.0% | +282.8% |
| Volatility (ann.) | 50.5% | 46.4% |
| Beta vs S&P 500 | 0.75 | 0.67 |
| Max drawdown (3Y) | -40.5% | -42.1% |
| Market cap | $0.8B | $4.8B |
| P/E (trailing) | 18.6 | 18.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APEI | CVSA |
|---|---|---|
| 2022 | -44.8% | +20.1% |
| 2023 | -21.5% | +66.1% |
| 2024 | +123.5% | +54.1% |
| 2025 | +75.2% | +13.9% |
| 2026 | +22.0% | +36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APEI and CVSA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APEI and CVSA?
As of 2026-08-27, the correlation of weekly returns between APEI and CVSA is 0.40 over 3 years, 0.45 over 1 year and 0.33 over 5 years.
Is CVSA a good diversifier for APEI?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apei-vs-cvsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apei-vs-cvsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APEI correlations · CVSA correlations
