CKX vs CRVS: Correlation
How closely do CKX Lands, Inc. (CKX) and Corvus Pharmaceuticals, Inc. (CRVS) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CKX and CRVS?
Over the past 3 years, CKX and CRVS moved with a correlation of 0.25, which is weak. The past 12 months show a tighter link (0.42) than the 3-year average (0.25). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 921.1 %².
In CKX's tracked universe of 14 assets, CRVS sits right near the top at #2. The last year tells two different stories: CRVS led by 172.7 percentage points, -5.1% for CKX against +167.6% for CRVS. Risk is not evenly split, since CRVS carries 5.6 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.
CKX vs CRVS: side by side
| CKX (CKX Lands, Inc.) | CRVS (Corvus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -5.1% | +167.6% |
| 5-year return | -7.1% | +581.5% |
| Volatility (ann.) | 25.7% | 144.6% |
| Beta vs S&P 500 | 0.01 | 1.20 |
| Max drawdown (3Y) | -37.0% | -70.5% |
| Market cap | – | $1.2B |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CKX | CRVS |
|---|---|---|
| 2022 | -11.2% | -64.7% |
| 2023 | +30.3% | +107.1% |
| 2024 | -2.8% | +204.0% |
| 2025 | -27.4% | +43.9% |
| 2026 | +16.4% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CKX and CRVS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CKX and CRVS?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.42 over the last year and 0.22 over 5 years.
Is CRVS a good diversifier for CKX?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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/ckx-vs-crvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ckx-vs-crvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CKX correlations · CRVS correlations
