CVGI vs ROMA: Correlation
How closely do Commercial Vehicle Group, Inc. (CVGI) and Roma Green Finance Limited - Class A (ROMA) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVGI and ROMA?
Across a 3-year window, the weekly returns of CVGI and ROMA correlate at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.44 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 4610.0 %².
Among the 16 assets we track against CVGI, ROMA ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROMA outperformed by 184.9 percentage points (+78.7% for CVGI against +263.6% for ROMA). One caveat on sizing: ROMA is 1.5 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.
CVGI vs ROMA: side by side
| CVGI (Commercial Vehicle Group, Inc.) | ROMA (Roma Green Finance Limited - Class A) | |
|---|---|---|
| 1-year return | +78.7% | +263.6% |
| 5-year return | -70.3% | n/a |
| Volatility (ann.) | 81.5% | 122.9% |
| Beta vs S&P 500 | 0.77 | 0.47 |
| Max drawdown (3Y) | -91.0% | -88.0% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVGI | ROMA |
|---|---|---|
| 2022 | -15.5% | – |
| 2023 | +2.9% | – |
| 2024 | -64.6% | – |
| 2025 | -41.9% | +116.7% |
| 2026 | +120.8% | +442.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and ROMA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVGI and ROMA?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is ROMA a good diversifier for CVGI?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CVGI correlations · ROMA correlations
