CRVO vs NPWR: Correlation
Measured on weekly returns over the past three years, CervoMed Inc. (CRVO) and NET Power Inc. (NPWR) 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 CRVO and NPWR?
Over the past 3 years, CRVO and NPWR moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.25 over 3 years. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -3580.4 %².
Among the 17 assets we track against CRVO, NPWR sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with NPWR ahead by 43.8 points (-71.9% versus -28.1%). Note the risk asymmetry: CRVO runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NPWR: side by side
| CRVO (CervoMed Inc.) | NPWR (NET Power Inc.) | |
|---|---|---|
| 1-year return | -71.9% | -28.1% |
| 5-year return | -94.2% | -80.6% |
| Volatility (ann.) | 178.5% | 80.8% |
| Beta vs S&P 500 | 0.33 | 1.46 |
| Max drawdown (3Y) | -92.7% | -91.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVO | NPWR |
|---|---|---|
| 2022 | -67.4% | +1.7% |
| 2023 | +0.5% | -0.7% |
| 2024 | -69.3% | +4.9% |
| 2025 | +237.6% | -78.5% |
| 2026 | -66.6% | -17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVO and NPWR 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 CRVO and NPWR?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.14 over the last year and -0.23 over 5 years.
Is NPWR a good diversifier for CRVO?
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.
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Related comparisons
Hubs: CRVO correlations · NPWR correlations
