CVKD vs ROMA: Correlation
Measured on weekly returns over the past three years, Cadrenal Therapeutics, Inc. (CVKD) and Roma Green Finance Limited - Class A (ROMA) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVKD and ROMA?
On 3 years of weekly data the CVKD/ROMA correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.19). The 5-year figure is n/a, and annualized covariance runs at -2188.0 %².
Out of 10 assets tracked against CVKD, ROMA lands near the bottom at #8. The last year tells two different stories: ROMA led by 352.4 percentage points, -88.8% for CVKD against +263.6% for ROMA.
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 ROMA: side by side
| CVKD (Cadrenal Therapeutics, Inc.) | ROMA (Roma Green Finance Limited - Class A) | |
|---|---|---|
| 1-year return | -88.8% | +263.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 94.8% | 122.9% |
| Beta vs S&P 500 | 1.51 | 0.47 |
| Max drawdown (3Y) | -94.4% | -88.0% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVKD | ROMA |
|---|---|---|
| 2024 | +30.5% | – |
| 2025 | -53.2% | +116.7% |
| 2026 | -76.9% | +442.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVKD and ROMA good diversifiers for each other?
Yes. With a correlation of -0.19, CVKD and ROMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVKD and ROMA?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.01 over the last year and n/a over 5 years.
Is ROMA a good diversifier for CVKD?
Yes. With a correlation of -0.19, CVKD and ROMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvkd-vs-roma.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvkd-vs-roma/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVKD correlations · ROMA correlations
