AUST vs CNVS: Correlation
Austin Gold Corp. (AUST) and Cineverse Corp. (CNVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUST and CNVS?
Across a 3-year window, the weekly returns of AUST and CNVS correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 2853.0 %².
Among the 13 assets we track against AUST, CNVS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AUST outperformed by 32.2 percentage points (-19.9% for AUST against -52.1% for CNVS).
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.
AUST vs CNVS: side by side
| AUST (Austin Gold Corp.) | CNVS (Cineverse Corp.) | |
|---|---|---|
| 1-year return | -19.9% | -52.1% |
| 5-year return | -71.4% | -93.6% |
| Volatility (ann.) | 89.9% | 82.6% |
| Beta vs S&P 500 | 0.92 | 1.27 |
| Max drawdown (3Y) | -70.3% | -74.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUST | CNVS |
|---|---|---|
| 2022 | – | -66.4% |
| 2023 | -21.6% | -82.7% |
| 2024 | +69.6% | +170.4% |
| 2025 | +17.9% | -42.2% |
| 2026 | -15.5% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUST and CNVS good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AUST and CNVS?
As of 2026-08-27, the correlation of weekly returns between AUST and CNVS is 0.38 over 3 years, 0.31 over 1 year and 0.29 over 5 years.
Is CNVS a good diversifier for AUST?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/aust-vs-cnvs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aust-vs-cnvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUST correlations · CNVS correlations
