CSGP vs MVST: Correlation
CoStar Group (CSGP) and Microvast Holdings, Inc. (MVST) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSGP and MVST?
On 3 years of weekly data the CSGP/MVST correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -1292.9 %².
By 3-year correlation, MVST places #28 of the 34 assets tracked against CSGP. The trailing year gives CSGP the advantage: -65.0% versus -71.2%, a 6.2-point spread. One caveat on sizing: MVST is 5.7 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.
CSGP vs MVST: side by side
| CSGP (CoStar Group) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | -65.0% | -71.2% |
| 5-year return | -62.7% | -91.6% |
| Volatility (ann.) | 36.5% | 209.2% |
| Beta vs S&P 500 | 0.86 | 0.26 |
| Max drawdown (3Y) | -72.2% | -92.8% |
| Market cap | $12.7B | $0.3B |
| P/E (trailing) | 174.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CSGP | MVST |
|---|---|---|
| 2022 | -2.2% | -73.0% |
| 2023 | +13.1% | -8.5% |
| 2024 | -18.1% | +47.9% |
| 2025 | -6.1% | +35.3% |
| 2026 | -53.4% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSGP and MVST good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between CSGP and MVST?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.15 over the last year and -0.06 over 5 years.
Is MVST a good diversifier for CSGP?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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: CSGP correlations · MVST correlations
