CRVO vs ELTK: Correlation
CervoMed Inc. (CRVO) and Eltek Ltd. (ELTK) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVO and ELTK?
Over the past 3 years, CRVO and ELTK moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.27). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -2435.3 %².
Among the 17 assets we track against CRVO, ELTK sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months ELTK outperformed by 49.1 percentage points (-71.9% for CRVO against -22.8% for ELTK). Risk is not evenly split, since CRVO carries 3.5 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.
CRVO vs ELTK: side by side
| CRVO (CervoMed Inc.) | ELTK (Eltek Ltd.) | |
|---|---|---|
| 1-year return | -71.9% | -22.8% |
| 5-year return | -94.2% | +27.7% |
| Volatility (ann.) | 178.5% | 50.9% |
| Beta vs S&P 500 | 0.33 | 0.40 |
| Max drawdown (3Y) | -92.7% | -65.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVO | ELTK |
|---|---|---|
| 2022 | -67.4% | +15.0% |
| 2023 | +0.5% | +244.5% |
| 2024 | -69.3% | -20.7% |
| 2025 | +237.6% | -20.0% |
| 2026 | -66.6% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVO and ELTK good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRVO and ELTK?
The CRVO/ELTK correlation stands at -0.27 on a 3-year window (1 year: -0.10, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is ELTK a good diversifier for CRVO?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/crvo-vs-eltk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crvo-vs-eltk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRVO correlations · ELTK correlations
