BNED vs DVLT: Correlation
Measured on weekly returns over the past three years, Barnes & Noble Education, Inc (BNED) and Datavault AI Inc. (DVLT) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNED and DVLT?
Across a 3-year window, the weekly returns of BNED and DVLT correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.24 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -4616.5 %².
Among the 11 assets we track against BNED, DVLT sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months BNED outperformed by 70.3 percentage points (+41.1% for BNED against -29.2% for DVLT). Risk is not evenly split, since DVLT carries 1.5 times the volatility of the other side.
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.
BNED vs DVLT: side by side
| BNED (Barnes & Noble Education, Inc) | DVLT (Datavault AI Inc.) | |
|---|---|---|
| 1-year return | +41.1% | -29.2% |
| 5-year return | -98.4% | -100.0% |
| Volatility (ann.) | 111.9% | 168.6% |
| Beta vs S&P 500 | 1.64 | 0.14 |
| Max drawdown (3Y) | -97.3% | -99.8% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 25.5 | 9.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNED | DVLT |
|---|---|---|
| 2022 | -74.3% | -92.1% |
| 2023 | -14.9% | -98.9% |
| 2024 | -93.3% | -88.6% |
| 2025 | -8.5% | -68.3% |
| 2026 | +33.9% | -54.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNED and DVLT good diversifiers for each other?
Yes. With a correlation of -0.24, BNED and DVLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNED and DVLT?
The BNED/DVLT correlation stands at -0.24 on a 3-year window (1 year: -0.09, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is DVLT a good diversifier for BNED?
Yes. With a correlation of -0.24, BNED and DVLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/bned-vs-dvlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bned-vs-dvlt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNED correlations · DVLT correlations
