CIVB vs LVO: Correlation
Measured on weekly returns over the past three years, Civista Bancshares, Inc. (CIVB) and LiveOne, Inc. (LVO) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIVB and LVO?
Across a 3-year window, the weekly returns of CIVB and LVO correlate at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 959.6 %².
Among the 11 assets we track against CIVB, LVO ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CIVB outperformed by 68.1 percentage points (+35.2% for CIVB against -32.9% for LVO). One caveat on sizing: LVO is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CIVB vs LVO: side by side
| CIVB (Civista Bancshares, Inc.) | LVO (LiveOne, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | -32.9% |
| 5-year return | +39.0% | -88.2% |
| Volatility (ann.) | 32.4% | 82.2% |
| Beta vs S&P 500 | 0.71 | 1.85 |
| Max drawdown (3Y) | -25.2% | -83.1% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 2.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIVB | LVO |
|---|---|---|
| 2022 | -7.5% | -49.7% |
| 2023 | -13.2% | +115.8% |
| 2024 | +18.7% | +5.8% |
| 2025 | +9.1% | -67.9% |
| 2026 | +26.0% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIVB and LVO good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CIVB and LVO?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.30 over the last year and 0.25 over 5 years.
Is LVO a good diversifier for CIVB?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/civb-vs-lvo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/civb-vs-lvo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIVB correlations · LVO correlations
