ARDT vs MOVE: Correlation
Ardent Health, Inc. (ARDT) and Corvex, Inc. (MOVE) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDT and MOVE?
On 3 years of weekly data the ARDT/MOVE correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.19 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1627.7 %².
Among the 22 assets we track against ARDT, MOVE ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MOVE ahead by 157.2 points (-13.5% versus +143.7%). Note the risk asymmetry: MOVE runs 3.3 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.
ARDT vs MOVE: side by side
| ARDT (Ardent Health, Inc.) | MOVE (Corvex, Inc.) | |
|---|---|---|
| 1-year return | -13.5% | +143.7% |
| 5-year return | n/a | -97.6% |
| Volatility (ann.) | 48.5% | 159.1% |
| Beta vs S&P 500 | 0.65 | 1.58 |
| Max drawdown (3Y) | -61.2% | -97.5% |
| Market cap | $1.6B | $0.3B |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDT | MOVE |
|---|---|---|
| 2022 | – | -65.8% |
| 2023 | – | -39.9% |
| 2024 | – | -53.9% |
| 2025 | -48.3% | -84.6% |
| 2026 | +24.5% | +82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDT and MOVE good diversifiers for each other?
Yes. With a correlation of -0.19, ARDT and MOVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARDT and MOVE?
The ARDT/MOVE correlation stands at -0.19 on a 3-year window (1 year: -0.42, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MOVE a good diversifier for ARDT?
Yes. With a correlation of -0.19, ARDT and MOVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ardt-vs-move.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ardt-vs-move/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARDT correlations · MOVE correlations
