CMND vs KVHI: Correlation
Clearmind Medicine Inc. (CMND) and KVH Industries, Inc. (KVHI) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMND and KVHI?
Across a 3-year window, the weekly returns of CMND and KVHI correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.26). Stretching to 5 years gives -0.22, with an annualized covariance of -1345.9 %².
Among the 10 assets we track against CMND, KVHI sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with KVHI ahead by 139.5 points (-99.6% versus +39.9%). Note the risk asymmetry: CMND runs 2.9 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.
CMND vs KVHI: side by side
| CMND (Clearmind Medicine Inc.) | KVHI (KVH Industries, Inc.) | |
|---|---|---|
| 1-year return | -99.6% | +39.9% |
| 5-year return | n/a | -25.9% |
| Volatility (ann.) | 122.3% | 41.7% |
| Beta vs S&P 500 | 1.24 | 0.20 |
| Max drawdown (3Y) | -100.0% | -35.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMND | KVHI |
|---|---|---|
| 2022 | – | +11.2% |
| 2023 | -97.0% | -48.5% |
| 2024 | -50.9% | +8.4% |
| 2025 | -96.7% | +22.3% |
| 2026 | -90.0% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMND and KVHI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMND and KVHI?
The CMND/KVHI correlation stands at -0.26 on a 3-year window (1 year: -0.45, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is KVHI a good diversifier for CMND?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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
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[](https://www.pairbook.io/pair/cmnd-vs-kvhi/)
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Related comparisons
Hubs: CMND correlations · KVHI correlations
