CNVS vs TVGN: Correlation
Cineverse Corp. (CNVS) and Tevogen Inc. (TVGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNVS and TVGN?
Across a 3-year window, the weekly returns of CNVS and TVGN correlate at 0.40, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.40). Stretching to 5 years gives 0.30, with an annualized covariance of 7956.5 %².
In CNVS's tracked universe of 12 assets, TVGN sits right near the top at #3. The last year tells two different stories: CNVS led by 33.2 percentage points, -52.1% for CNVS against -85.3% for TVGN. One caveat on sizing: TVGN is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TVGN: side by side
| CNVS (Cineverse Corp.) | TVGN (Tevogen Inc.) | |
|---|---|---|
| 1-year return | -52.1% | -85.3% |
| 5-year return | -93.6% | -98.6% |
| Volatility (ann.) | 82.6% | 242.2% |
| Beta vs S&P 500 | 1.27 | 0.66 |
| Max drawdown (3Y) | -74.0% | -99.3% |
| 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 | TVGN |
|---|---|---|
| 2022 | -66.4% | – |
| 2023 | -82.7% | +7.7% |
| 2024 | +170.4% | -90.7% |
| 2025 | -42.2% | -67.9% |
| 2026 | +14.7% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNVS and TVGN good diversifiers for each other?
Reasonably. At 0.40, CNVS and TVGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNVS and TVGN?
As of 2026-08-27, the correlation of weekly returns between CNVS and TVGN is 0.40 over 3 years, 0.16 over 1 year and 0.30 over 5 years.
Is TVGN a good diversifier for CNVS?
Reasonably. At 0.40, CNVS and TVGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/cnvs-vs-tvgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnvs-vs-tvgn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNVS correlations · TVGN correlations
