CNVS vs TWG: Correlation
Measured on weekly returns over the past three years, Cineverse Corp. (CNVS) and Top Wealth Group Holding Limited - Class A (TWG) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNVS and TWG?
Over the past 3 years, CNVS and TWG moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.38). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8176.4 %².
Among the 12 assets we track against CNVS, TWG ranks #5 by 3-year correlation. The last year tells two different stories: CNVS led by 37.5 percentage points, -52.1% for CNVS against -89.6% for TWG. One caveat on sizing: TWG is 3.0 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 TWG: side by side
| CNVS (Cineverse Corp.) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | -52.1% | -89.6% |
| 5-year return | -93.6% | n/a |
| Volatility (ann.) | 82.6% | 248.4% |
| Beta vs S&P 500 | 1.27 | 0.99 |
| Max drawdown (3Y) | -74.0% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNVS | TWG |
|---|---|---|
| 2022 | -66.4% | – |
| 2023 | -82.7% | – |
| 2024 | +170.4% | – |
| 2025 | -42.2% | -86.8% |
| 2026 | +14.7% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNVS and TWG good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNVS and TWG?
The CNVS/TWG correlation stands at 0.38 on a 3-year window (1 year: 0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TWG a good diversifier for CNVS?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnvs-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNVS correlations · TWG correlations
