ATEC vs CVRX: Correlation
Measured on weekly returns over the past three years, Alphatec Holdings, Inc. (ATEC) and CVRx, Inc. (CVRX) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEC and CVRX?
Across a 3-year window, the weekly returns of ATEC and CVRX correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 2482.2 %².
Among the 11 assets we track against ATEC, CVRX ranks #6 by 3-year correlation. The last year tells two different stories: ATEC led by 18.9 percentage points, -40.9% for ATEC against -59.8% for CVRX.
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.
ATEC vs CVRX: side by side
| ATEC (Alphatec Holdings, Inc.) | CVRX (CVRx, Inc.) | |
|---|---|---|
| 1-year return | -40.9% | -59.8% |
| 5-year return | -29.0% | -84.4% |
| Volatility (ann.) | 71.5% | 101.8% |
| Beta vs S&P 500 | 0.88 | 0.65 |
| Max drawdown (3Y) | -70.3% | -92.8% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEC | CVRX |
|---|---|---|
| 2022 | +8.0% | +50.0% |
| 2023 | +22.3% | +71.3% |
| 2024 | -39.2% | -59.7% |
| 2025 | +129.2% | -44.0% |
| 2026 | -54.5% | -57.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEC and CVRX good diversifiers for each other?
Reasonably. At 0.34, ATEC and CVRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATEC and CVRX?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.26 over the last year and 0.32 over 5 years.
Is CVRX a good diversifier for ATEC?
Reasonably. At 0.34, ATEC and CVRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/atec-vs-cvrx.json
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[](https://www.pairbook.io/pair/atec-vs-cvrx/)
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Related comparisons
Hubs: ATEC correlations · CVRX correlations
