AUST vs IVA: Correlation
Measured on weekly returns over the past three years, Austin Gold Corp. (AUST) and Inventiva S.A. - American Depository Shares (IVA) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUST and IVA?
Over the past 3 years, AUST and IVA moved with a correlation of 0.31, which is moderate. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1969.4 %².
Among the 13 assets we track against AUST, IVA ranks #8 by 3-year correlation. Over the last 12 months IVA came out ahead by 13.6 percentage points (-19.9% against -6.3%).
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 IVA: side by side
| AUST (Austin Gold Corp.) | IVA (Inventiva S.A. - American Depository Shares) | |
|---|---|---|
| 1-year return | -19.9% | -6.3% |
| 5-year return | -71.4% | -60.4% |
| Volatility (ann.) | 89.9% | 69.9% |
| Beta vs S&P 500 | 0.92 | 0.38 |
| Max drawdown (3Y) | -70.3% | -64.9% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUST | IVA |
|---|---|---|
| 2022 | – | -67.3% |
| 2023 | -21.6% | +1.3% |
| 2024 | +69.6% | -52.6% |
| 2025 | +17.9% | +117.3% |
| 2026 | -15.5% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUST and IVA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AUST and IVA?
As of 2026-08-27, the correlation of weekly returns between AUST and IVA is 0.31 over 3 years, 0.21 over 1 year and 0.32 over 5 years.
Is IVA a good diversifier for AUST?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AUST correlations · IVA correlations
