CPHC vs VANI: Correlation
Measured on weekly returns over the past three years, Canterbury Park Holding Corporation (CPHC) and Vivani Medical, Inc. (VANI) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHC and VANI?
Over the past 3 years, CPHC and VANI moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 1295.1 %².
In CPHC's tracked universe of 13 assets, VANI sits right near the top at #1. The last year tells two different stories: VANI led by 18.1 percentage points, -3.3% for CPHC against +14.8% for VANI. Risk is not evenly split, since VANI carries 4.4 times the volatility of the other side.
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.
CPHC vs VANI: side by side
| CPHC (Canterbury Park Holding Corporation) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -3.3% | +14.8% |
| 5-year return | +6.8% | -87.4% |
| Volatility (ann.) | 28.1% | 123.8% |
| Beta vs S&P 500 | 0.10 | 1.29 |
| Max drawdown (3Y) | -48.8% | -77.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 793.5 | – |
| Dividend yield | 1.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHC | VANI |
|---|---|---|
| 2022 | +83.8% | -82.6% |
| 2023 | -33.8% | +20.0% |
| 2024 | +1.7% | +13.7% |
| 2025 | -23.6% | +6.0% |
| 2026 | +4.0% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHC and VANI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPHC and VANI?
The CPHC/VANI correlation stands at 0.37 on a 3-year window (1 year: 0.07, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for CPHC?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
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Related comparisons
Hubs: CPHC correlations · VANI correlations
