BIVI vs TV: Correlation
BioVie Inc. (BIVI) and Grupo Televisa S.A.B. (TV) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIVI and TV?
Over the past 3 years, BIVI and TV moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.17). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1276.9 %².
TV is close to the least connected end of BIVI's tracked universe, ranking #9 of 12. The last year tells two different stories: BIVI led by 33.0 percentage points, +35.2% for BIVI against +2.2% for TV. Note the risk asymmetry: BIVI runs 2.7 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.
BIVI vs TV: side by side
| BIVI (BioVie Inc.) | TV (Grupo Televisa S.A.B.) | |
|---|---|---|
| 1-year return | +35.2% | +2.2% |
| 5-year return | -99.7% | -72.6% |
| Volatility (ann.) | 139.8% | 52.4% |
| Beta vs S&P 500 | 1.45 | 0.69 |
| Max drawdown (3Y) | -99.8% | -59.2% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIVI | TV |
|---|---|---|
| 2022 | +72.7% | -50.9% |
| 2023 | -83.8% | -25.2% |
| 2024 | -84.1% | -40.6% |
| 2025 | -94.2% | +81.5% |
| 2026 | +88.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIVI and TV good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BIVI and TV?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.03 over the last year and -0.13 over 5 years.
Is TV a good diversifier for BIVI?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bivi-vs-tv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bivi-vs-tv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIVI correlations · TV correlations
