CHGA vs PMVP: Correlation
Measured on weekly returns over the past three years, Change Agents Corporation (CHGA) and PMV Pharmaceuticals, Inc. (PMVP) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHGA and PMVP?
Over the past 3 years, CHGA and PMVP moved with a correlation of 0.35, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.78 versus 0.35 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 4467.9 %².
Within CHGA's tracked universe of 10 assets, PMVP comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PMVP outperformed by 81.0 percentage points (-93.7% for CHGA against -12.7% for PMVP). Note the risk asymmetry: CHGA runs 1.7 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.
CHGA vs PMVP: side by side
| CHGA (Change Agents Corporation) | PMVP (PMV Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -93.7% | -12.7% |
| 5-year return | -99.9% | -95.9% |
| Volatility (ann.) | 148.9% | 86.3% |
| Beta vs S&P 500 | 0.96 | 1.29 |
| Max drawdown (3Y) | -99.3% | -88.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHGA | PMVP |
|---|---|---|
| 2022 | -36.6% | -62.3% |
| 2023 | -90.7% | -64.4% |
| 2024 | -55.0% | -51.3% |
| 2025 | -63.2% | -17.2% |
| 2026 | -89.1% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHGA and PMVP good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHGA and PMVP?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.78 over the last year and 0.29 over 5 years.
Is PMVP a good diversifier for CHGA?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/chga-vs-pmvp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chga-vs-pmvp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHGA correlations · PMVP correlations
