CNVS vs GIFT: Correlation
How closely do Cineverse Corp. (CNVS) and Giftify, Inc. (GIFT) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNVS and GIFT?
Over the past 3 years, CNVS and GIFT moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.16). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -913.6 %².
GIFT is close to the least connected end of CNVS's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months GIFT outperformed by 32.1 percentage points (-52.1% for CNVS against -20.0% for GIFT).
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 GIFT: side by side
| CNVS (Cineverse Corp.) | GIFT (Giftify, Inc.) | |
|---|---|---|
| 1-year return | -52.1% | -20.0% |
| 5-year return | -93.6% | -65.3% |
| Volatility (ann.) | 82.6% | 70.2% |
| Beta vs S&P 500 | 1.27 | 0.42 |
| Max drawdown (3Y) | -74.0% | -83.5% |
| 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 | GIFT |
|---|---|---|
| 2022 | -66.4% | +135.8% |
| 2023 | -82.7% | +182.7% |
| 2024 | +170.4% | -72.7% |
| 2025 | -42.2% | +0.9% |
| 2026 | +14.7% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNVS and GIFT good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CNVS and GIFT?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.10 over the last year and -0.10 over 5 years.
Is GIFT a good diversifier for CNVS?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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.
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Related comparisons
Hubs: CNVS correlations · GIFT correlations
