CCB vs MVIS: Correlation
Measured on weekly returns over the past three years, Coastal Financial Corporation (CCB) and MicroVision, Inc. (MVIS) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and MVIS?
Over the past 3 years, CCB and MVIS moved with a correlation of -0.54, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.73 versus -0.54 over 3 years. Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -21743.3 %².
MVIS is close to the least connected end of CCB's tracked universe, ranking #19 of 19. The last year tells two different stories: MVIS led by 126.9 percentage points, -59.0% for CCB against +67.9% for MVIS. Risk is not evenly split, since MVIS carries 19.4 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.
CCB vs MVIS: side by side
| CCB (Coastal Financial Corporation) | MVIS (MicroVision, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +67.9% |
| 5-year return | +59.4% | -87.1% |
| Volatility (ann.) | 45.4% | 882.4% |
| Beta vs S&P 500 | 0.96 | 3.46 |
| Max drawdown (3Y) | -66.5% | -95.3% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | MVIS |
|---|---|---|
| 2022 | -6.1% | -53.1% |
| 2023 | -6.5% | +13.2% |
| 2024 | +91.2% | -50.8% |
| 2025 | +35.0% | -36.6% |
| 2026 | -59.2% | +126.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and MVIS good diversifiers for each other?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCB and MVIS?
The CCB/MVIS correlation stands at -0.54 on a 3-year window (1 year: -0.73, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is MVIS a good diversifier for CCB?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
What does a correlation of -0.54 mean?
On the −1 to +1 scale, -0.54 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/ccb-vs-mvis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccb-vs-mvis/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCB correlations · MVIS correlations
