CRVS vs MOVE: Correlation
How closely do Corvus Pharmaceuticals, Inc. (CRVS) and Corvex, Inc. (MOVE) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVS and MOVE?
Across a 3-year window, the weekly returns of CRVS and MOVE correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.46). Stretching to 5 years gives 0.39, with an annualized covariance of 10604.1 %².
Few assets follow CRVS as closely as MOVE, which ranks #2 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with CRVS ahead by 23.9 points (+167.6% versus +143.7%).
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.
CRVS vs MOVE: side by side
| CRVS (Corvus Pharmaceuticals, Inc.) | MOVE (Corvex, Inc.) | |
|---|---|---|
| 1-year return | +167.6% | +143.7% |
| 5-year return | +581.5% | -97.6% |
| Volatility (ann.) | 144.6% | 159.1% |
| Beta vs S&P 500 | 1.20 | 1.58 |
| Max drawdown (3Y) | -70.5% | -97.5% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVS | MOVE |
|---|---|---|
| 2022 | -64.7% | -65.8% |
| 2023 | +107.1% | -39.9% |
| 2024 | +204.0% | -53.9% |
| 2025 | +43.9% | -84.6% |
| 2026 | +91.2% | +82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVS and MOVE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRVS and MOVE?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.60 over the last year and 0.39 over 5 years.
Is MOVE a good diversifier for CRVS?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crvs-vs-move.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crvs-vs-move/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRVS correlations · MOVE correlations
