BYRN vs CVEO: Correlation
Byrna Technologies, Inc. (BYRN) and Civeo Corporation (Canada) (CVEO) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYRN and CVEO?
On 3 years of weekly data the BYRN/CVEO correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.22). The 5-year figure is -0.09, and annualized covariance runs at -680.1 %².
CVEO is close to the least connected end of BYRN's tracked universe, ranking #9 of 10. The last year tells two different stories: CVEO led by 124.6 percentage points, -82.2% for BYRN against +42.4% for CVEO. Risk is not evenly split, since BYRN carries 2.5 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.
BYRN vs CVEO: side by side
| BYRN (Byrna Technologies, Inc.) | CVEO (Civeo Corporation (Canada)) | |
|---|---|---|
| 1-year return | -82.2% | +42.4% |
| 5-year return | -87.6% | +69.2% |
| Volatility (ann.) | 87.2% | 35.1% |
| Beta vs S&P 500 | 1.40 | 0.16 |
| Max drawdown (3Y) | -90.7% | -33.2% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYRN | CVEO |
|---|---|---|
| 2022 | -41.3% | +62.2% |
| 2023 | -18.5% | -24.8% |
| 2024 | +350.9% | +3.6% |
| 2025 | -41.7% | +1.6% |
| 2026 | -78.6% | +47.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYRN and CVEO good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BYRN and CVEO?
As of 2026-08-27, the correlation of weekly returns between BYRN and CVEO is -0.22 over 3 years, -0.45 over 1 year and -0.09 over 5 years.
Is CVEO a good diversifier for BYRN?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/byrn-vs-cveo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/byrn-vs-cveo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BYRN correlations · CVEO correlations
