CNVS vs CVKD: Correlation
How closely do Cineverse Corp. (CNVS) and Cadrenal Therapeutics, Inc. (CVKD) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNVS and CVKD?
Across a 3-year window, the weekly returns of CNVS and CVKD correlate at 0.35, moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.35). Stretching to 5 years gives n/a, with an annualized covariance of 2737.6 %².
Among the 12 assets we track against CNVS, CVKD ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CNVS outperformed by 36.7 percentage points (-52.1% for CNVS against -88.8% for CVKD).
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.
CNVS vs CVKD: side by side
| CNVS (Cineverse Corp.) | CVKD (Cadrenal Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -52.1% | -88.8% |
| 5-year return | -93.6% | n/a |
| Volatility (ann.) | 82.6% | 94.8% |
| Beta vs S&P 500 | 1.27 | 1.51 |
| Max drawdown (3Y) | -74.0% | -94.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNVS | CVKD |
|---|---|---|
| 2022 | -66.4% | – |
| 2023 | -82.7% | – |
| 2024 | +170.4% | +30.5% |
| 2025 | -42.2% | -53.2% |
| 2026 | +14.7% | -76.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNVS and CVKD 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 CNVS and CVKD?
The CNVS/CVKD correlation stands at 0.35 on a 3-year window (1 year: 0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CVKD a good diversifier for CNVS?
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/cnvs-vs-cvkd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnvs-vs-cvkd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNVS correlations · CVKD correlations
