CNSP vs TVRD: Correlation
How closely do CNS Pharmaceuticals, Inc. (CNSP) and Tvardi Therapeutics, Inc. (TVRD) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNSP and TVRD?
Over the past 3 years, CNSP and TVRD moved with a correlation of 0.31, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 7108.0 %².
Within CNSP's tracked universe of 18 assets, TVRD comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CNSP ahead by 81.8 points (-12.3% versus -94.1%). Note the risk asymmetry: CNSP runs 1.6 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.
CNSP vs TVRD: side by side
| CNSP (CNS Pharmaceuticals, Inc.) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -12.3% | -94.1% |
| 5-year return | -100.0% | -99.7% |
| Volatility (ann.) | 191.6% | 119.7% |
| Beta vs S&P 500 | 2.85 | 1.39 |
| Max drawdown (3Y) | -100.0% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNSP | TVRD |
|---|---|---|
| 2022 | -88.6% | -11.8% |
| 2023 | -47.1% | -93.1% |
| 2024 | -99.8% | -31.4% |
| 2025 | -92.7% | -76.6% |
| 2026 | +5.1% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNSP and TVRD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNSP and TVRD?
As of 2026-08-27, the correlation of weekly returns between CNSP and TVRD is 0.31 over 3 years, 0.36 over 1 year and 0.23 over 5 years.
Is TVRD a good diversifier for CNSP?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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/cnsp-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnsp-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNSP correlations · TVRD correlations
