CRVS vs ORI: Correlation
How closely do Corvus Pharmaceuticals, Inc. (CRVS) and Old Republic International Corporation (ORI) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVS and ORI?
On 3 years of weekly data the CRVS/ORI correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.18). The 5-year figure is -0.08, and annualized covariance runs at -538.3 %².
Among the 16 assets we track against CRVS, ORI sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months CRVS outperformed by 152.6 percentage points (+167.6% for CRVS against +15.0% for ORI). One caveat on sizing: CRVS is 6.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ORI: side by side
| CRVS (Corvus Pharmaceuticals, Inc.) | ORI (Old Republic International Corporation) | |
|---|---|---|
| 1-year return | +167.6% | +15.0% |
| 5-year return | +581.5% | +137.4% |
| Volatility (ann.) | 144.6% | 21.1% |
| Beta vs S&P 500 | 1.20 | 0.28 |
| Max drawdown (3Y) | -70.5% | -16.2% |
| Market cap | $1.2B | $10.2B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVS | ORI |
|---|---|---|
| 2022 | -64.7% | +6.7% |
| 2023 | +107.1% | +26.3% |
| 2024 | +204.0% | +27.1% |
| 2025 | +43.9% | +37.5% |
| 2026 | +91.2% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVS and ORI good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CRVS and ORI?
The CRVS/ORI correlation stands at -0.18 on a 3-year window (1 year: -0.36, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is ORI a good diversifier for CRVS?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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-ori.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crvs-vs-ori/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRVS correlations · ORI correlations
