CPSH vs ENOV: Correlation
Measured on weekly returns over the past three years, CPS Technologies Corp. (CPSH) and Enovis Corporation (ENOV) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPSH and ENOV?
On 3 years of weekly data the CPSH/ENOV correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.25 over 3. The 5-year figure is -0.08, and annualized covariance runs at -810.5 %².
Among the 18 assets we track against CPSH, ENOV sits near the bottom by co-movement, at rank #16. The last year tells two different stories: CPSH led by 35.3 percentage points, +15.3% for CPSH against -20.0% for ENOV. Risk is not evenly split, since CPSH carries 1.9 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.
CPSH vs ENOV: side by side
| CPSH (CPS Technologies Corp.) | ENOV (Enovis Corporation) | |
|---|---|---|
| 1-year return | +15.3% | -20.0% |
| 5-year return | -32.8% | -70.1% |
| Volatility (ann.) | 78.3% | 41.2% |
| Beta vs S&P 500 | 0.50 | 1.30 |
| Max drawdown (3Y) | -69.7% | -68.6% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | 392.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPSH | ENOV |
|---|---|---|
| 2022 | -29.0% | -32.4% |
| 2023 | -12.6% | +4.7% |
| 2024 | -31.5% | -21.7% |
| 2025 | +91.9% | -39.3% |
| 2026 | +26.9% | -6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSH and ENOV good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPSH and ENOV?
The CPSH/ENOV correlation stands at -0.25 on a 3-year window (1 year: -0.35, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is ENOV a good diversifier for CPSH?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/cpsh-vs-enov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpsh-vs-enov/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPSH correlations · ENOV correlations
