CTEV vs TLSA: Correlation
Claritev Corporation (CTEV) and Tiziana Life Sciences Ltd (TLSA) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTEV and TLSA?
On 3 years of weekly data the CTEV/TLSA correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.16) than the 3-year average (-0.19). The 5-year figure is -0.13, and annualized covariance runs at -2791.0 %².
Out of 12 assets tracked against CTEV, TLSA lands near the bottom at #12. Neither side won the trailing year by much: -46.0% against -41.6%. Note the risk asymmetry: CTEV 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 TLSA: side by side
| CTEV (Claritev Corporation) | TLSA (Tiziana Life Sciences Ltd) | |
|---|---|---|
| 1-year return | -46.0% | -41.6% |
| 5-year return | -83.9% | -31.6% |
| Volatility (ann.) | 161.9% | 92.1% |
| Beta vs S&P 500 | 1.96 | -0.48 |
| Max drawdown (3Y) | -93.4% | -64.4% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTEV | TLSA |
|---|---|---|
| 2022 | -74.0% | -37.5% |
| 2023 | +25.2% | -6.7% |
| 2024 | -74.3% | +25.0% |
| 2025 | +189.2% | +112.9% |
| 2026 | -9.3% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTEV and TLSA good diversifiers for each other?
Yes. With a correlation of -0.19, CTEV and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTEV and TLSA?
The CTEV/TLSA correlation stands at -0.19 on a 3-year window (1 year: 0.16, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TLSA a good diversifier for CTEV?
Yes. With a correlation of -0.19, CTEV and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctev-vs-tlsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctev-vs-tlsa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTEV correlations · TLSA correlations
