CRVO vs PROV: Correlation
How closely do CervoMed Inc. (CRVO) and Provident Financial Holdings, Inc. (PROV) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVO and PROV?
Over the past 3 years, CRVO and PROV moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -713.5 %².
Within CRVO's tracked universe of 17 assets, PROV comes in at #12 by 3-year correlation. The last year tells two different stories: PROV led by 95.2 percentage points, -71.9% for CRVO against +23.3% for PROV. Risk is not evenly split, since CRVO carries 10.4 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.
CRVO vs PROV: side by side
| CRVO (CervoMed Inc.) | PROV (Provident Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | -71.9% | +23.3% |
| 5-year return | -94.2% | +30.9% |
| Volatility (ann.) | 178.5% | 17.1% |
| Beta vs S&P 500 | 0.33 | 0.24 |
| Max drawdown (3Y) | -92.7% | -19.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVO | PROV |
|---|---|---|
| 2022 | -67.4% | -13.5% |
| 2023 | +0.5% | -4.3% |
| 2024 | -69.3% | +31.4% |
| 2025 | +237.6% | +3.7% |
| 2026 | -66.6% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVO and PROV good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CRVO and PROV?
As of 2026-08-27, the correlation of weekly returns between CRVO and PROV is -0.23 over 3 years, -0.17 over 1 year and -0.16 over 5 years.
Is PROV a good diversifier for CRVO?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crvo-vs-prov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crvo-vs-prov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRVO correlations · PROV correlations
