CRVO vs SSP: Correlation
CervoMed Inc. (CRVO) and E.W. Scripps Company (The) (SSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVO and SSP?
Across a 3-year window, the weekly returns of CRVO and SSP correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.38 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 7232.9 %².
By 3-year correlation, SSP places #4 of the 17 assets tracked against CRVO. Their recent paths diverged sharply: over the last 12 months SSP outperformed by 109.2 percentage points (-71.9% for CRVO against +37.3% for SSP). Risk is not evenly split, since CRVO carries 1.7 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 SSP: side by side
| CRVO (CervoMed Inc.) | SSP (E.W. Scripps Company (The)) | |
|---|---|---|
| 1-year return | -71.9% | +37.3% |
| 5-year return | -94.2% | -77.0% |
| Volatility (ann.) | 178.5% | 107.0% |
| Beta vs S&P 500 | 0.33 | 0.27 |
| Max drawdown (3Y) | -92.7% | -84.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVO | SSP |
|---|---|---|
| 2022 | -67.4% | -31.8% |
| 2023 | +0.5% | -39.4% |
| 2024 | -69.3% | -72.3% |
| 2025 | +237.6% | +140.1% |
| 2026 | -66.6% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVO and SSP good diversifiers for each other?
Reasonably. At 0.38, CRVO and SSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRVO and SSP?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.07 over the last year and 0.35 over 5 years.
Is SSP a good diversifier for CRVO?
Reasonably. At 0.38, CRVO and SSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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-ssp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crvo-vs-ssp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRVO correlations · SSP correlations
