CVKD vs DUOT: Correlation
Measured on weekly returns over the past three years, Cadrenal Therapeutics, Inc. (CVKD) and Duos Technologies Group, Inc. (DUOT) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVKD and DUOT?
Across a 3-year window, the weekly returns of CVKD and DUOT correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.38). Stretching to 5 years gives n/a, with an annualized covariance of 2989.2 %².
Few assets follow CVKD as closely as DUOT, which ranks #1 of 10 tracked partners. The last year tells two different stories: DUOT led by 149.5 percentage points, -88.8% for CVKD against +60.7% for DUOT.
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.
CVKD vs DUOT: side by side
| CVKD (Cadrenal Therapeutics, Inc.) | DUOT (Duos Technologies Group, Inc.) | |
|---|---|---|
| 1-year return | -88.8% | +60.7% |
| 5-year return | n/a | +57.5% |
| Volatility (ann.) | 94.8% | 83.7% |
| Beta vs S&P 500 | 1.51 | 1.75 |
| Max drawdown (3Y) | -94.4% | -64.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVKD | DUOT |
|---|---|---|
| 2022 | – | -61.0% |
| 2023 | – | +45.0% |
| 2024 | +30.5% | +106.2% |
| 2025 | -53.2% | +88.1% |
| 2026 | -76.9% | -8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVKD and DUOT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CVKD and DUOT?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.11 over the last year and n/a over 5 years.
Is DUOT a good diversifier for CVKD?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/cvkd-vs-duot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvkd-vs-duot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVKD correlations · DUOT correlations
