COGT vs MOVE: Correlation
Cogent Biosciences, Inc. (COGT) and Corvex, Inc. (MOVE) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COGT and MOVE?
Across a 3-year window, the weekly returns of COGT and MOVE correlate at 0.38, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.38). Stretching to 5 years gives 0.35, with an annualized covariance of 6445.1 %².
By 3-year correlation, MOVE places #4 of the 13 assets tracked against COGT. Correlation aside, the last 12 months split them widely, with COGT ahead by 56.1 points (+199.8% versus +143.7%). One caveat on sizing: MOVE is 1.5 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.
COGT vs MOVE: side by side
| COGT (Cogent Biosciences, Inc.) | MOVE (Corvex, Inc.) | |
|---|---|---|
| 1-year return | +199.8% | +143.7% |
| 5-year return | +355.1% | -97.6% |
| Volatility (ann.) | 106.0% | 159.1% |
| Beta vs S&P 500 | 0.78 | 1.58 |
| Max drawdown (3Y) | -69.0% | -97.5% |
| Market cap | $6.4B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COGT | MOVE |
|---|---|---|
| 2022 | +34.7% | -65.8% |
| 2023 | -49.1% | -39.9% |
| 2024 | +32.7% | -53.9% |
| 2025 | +355.4% | -84.6% |
| 2026 | +4.4% | +82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COGT and MOVE 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 COGT and MOVE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.52 over the last year and 0.35 over 5 years.
Is MOVE a good diversifier for COGT?
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?
On the −1 to +1 scale, 0.38 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/cogt-vs-move.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cogt-vs-move/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COGT correlations · MOVE correlations
