CNVS vs LEE: Correlation
How closely do Cineverse Corp. (CNVS) and Lee Enterprises, Incorporated (LEE) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNVS and LEE?
On 3 years of weekly data the CNVS/LEE correlation comes out at 0.32, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.32 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 2096.2 %².
By 3-year correlation, LEE places #7 of the 12 assets tracked against CNVS. Correlation aside, the last 12 months split them widely, with LEE ahead by 146.0 points (-52.1% versus +93.9%).
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 LEE: side by side
| CNVS (Cineverse Corp.) | LEE (Lee Enterprises, Incorporated) | |
|---|---|---|
| 1-year return | -52.1% | +93.9% |
| 5-year return | -93.6% | -67.6% |
| Volatility (ann.) | 82.6% | 79.2% |
| Beta vs S&P 500 | 1.27 | 0.72 |
| Max drawdown (3Y) | -74.0% | -82.0% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNVS | LEE |
|---|---|---|
| 2022 | -66.4% | -46.3% |
| 2023 | -82.7% | -57.6% |
| 2024 | +170.4% | +87.8% |
| 2025 | -42.2% | -67.6% |
| 2026 | +14.7% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNVS and LEE good diversifiers for each other?
Reasonably. At 0.32, CNVS and LEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNVS and LEE?
As of 2026-08-27, the correlation of weekly returns between CNVS and LEE is 0.32 over 3 years, 0.49 over 1 year and 0.26 over 5 years.
Is LEE a good diversifier for CNVS?
Reasonably. At 0.32, CNVS and LEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/cnvs-vs-lee.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CNVS correlations · LEE correlations
