CEVA vs POLA: Correlation
CEVA, Inc. (CEVA) and Polar Power, Inc. (POLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEVA and POLA?
Over the past 3 years, CEVA and POLA moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1683.7 %².
POLA is close to the least connected end of CEVA's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with CEVA ahead by 56.2 points (+25.8% versus -30.4%).
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.
CEVA vs POLA: side by side
| CEVA (CEVA, Inc.) | POLA (Polar Power, Inc.) | |
|---|---|---|
| 1-year return | +25.8% | -30.4% |
| 5-year return | -40.9% | -97.1% |
| Volatility (ann.) | 57.4% | 77.1% |
| Beta vs S&P 500 | 2.37 | 1.65 |
| Max drawdown (3Y) | -55.2% | -87.6% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CEVA | POLA |
|---|---|---|
| 2022 | -40.8% | -64.0% |
| 2023 | -11.2% | -68.2% |
| 2024 | +38.9% | +11.5% |
| 2025 | -31.8% | -47.8% |
| 2026 | +32.1% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEVA and POLA good diversifiers for each other?
Reasonably. At 0.38, CEVA and POLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CEVA and POLA?
The CEVA/POLA correlation stands at 0.38 on a 3-year window (1 year: 0.36, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is POLA a good diversifier for CEVA?
Reasonably. At 0.38, CEVA and POLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ceva-vs-pola.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ceva-vs-pola/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CEVA correlations · POLA correlations
