CAPR vs PAVS: Correlation
Capricor Therapeutics, Inc. (CAPR) and Paranovus Entertainment Technology Ltd. - Class A (PAVS) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPR and PAVS?
Across a 3-year window, the weekly returns of CAPR and PAVS correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.32 over 3. Stretching to 5 years gives -0.24, with an annualized covariance of -11613.0 %².
Out of 17 assets tracked against CAPR, PAVS lands near the bottom at #17. The last year tells two different stories: CAPR led by 161.0 percentage points, +61.0% for CAPR against -100.0% for PAVS. Note the risk asymmetry: CAPR runs 2.0 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.
CAPR vs PAVS: side by side
| CAPR (Capricor Therapeutics, Inc.) | PAVS (Paranovus Entertainment Technology Ltd. - Class A) | |
|---|---|---|
| 1-year return | +61.0% | -100.0% |
| 5-year return | +132.9% | -100.0% |
| Volatility (ann.) | 272.5% | 133.6% |
| Beta vs S&P 500 | 2.07 | 1.06 |
| Max drawdown (3Y) | -89.1% | -100.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAPR | PAVS |
|---|---|---|
| 2022 | +31.7% | -61.1% |
| 2023 | +26.7% | -44.6% |
| 2024 | +182.2% | -44.4% |
| 2025 | +109.1% | -98.7% |
| 2026 | -65.1% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPR and PAVS good diversifiers for each other?
Yes. With a correlation of -0.32, CAPR and PAVS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CAPR and PAVS?
As of 2026-08-27, the correlation of weekly returns between CAPR and PAVS is -0.32 over 3 years, -0.37 over 1 year and -0.24 over 5 years.
Is PAVS a good diversifier for CAPR?
Yes. With a correlation of -0.32, CAPR and PAVS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/capr-vs-pavs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/capr-vs-pavs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAPR correlations · PAVS correlations
