CTEV vs SES: Correlation
How closely do Claritev Corporation (CTEV) and SES AI Corporation (SES) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTEV and SES?
Over the past 3 years, CTEV and SES moved with a correlation of 0.67, which is strong. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.67). Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 31976.2 %².
In CTEV's tracked universe of 12 assets, SES sits right near the top at #1. Over the last 12 months CTEV came out ahead by 5.0 percentage points (-46.0% against -51.0%). Note the risk asymmetry: SES runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CTEV vs SES: side by side
| CTEV (Claritev Corporation) | SES (SES AI Corporation) | |
|---|---|---|
| 1-year return | -46.0% | -51.0% |
| 5-year return | -83.9% | -94.5% |
| Volatility (ann.) | 161.9% | 294.5% |
| Beta vs S&P 500 | 1.96 | 2.43 |
| Max drawdown (3Y) | -93.4% | -89.7% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTEV | SES |
|---|---|---|
| 2022 | -74.0% | -68.3% |
| 2023 | +25.2% | -41.9% |
| 2024 | -74.3% | +19.7% |
| 2025 | +189.2% | -17.8% |
| 2026 | -9.3% | -69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTEV and SES good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTEV and SES?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with -0.04 over the last year and 0.63 over 5 years.
Is SES a good diversifier for CTEV?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 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/ctev-vs-ses.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctev-vs-ses/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTEV correlations · SES correlations
