CVR vs EEIQ: Correlation
Chicago Rivet & Machine Co. (CVR) and EpicQuest Education Group International Limited (EEIQ) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and EEIQ?
Over the past 3 years, CVR and EEIQ moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.28). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -2771.8 %².
Among the 11 assets we track against CVR, EEIQ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: CVR led by 69.3 percentage points, +1.0% for CVR against -68.3% for EEIQ. One caveat on sizing: EEIQ is 3.8 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.
CVR vs EEIQ: side by side
| CVR (Chicago Rivet & Machine Co.) | EEIQ (EpicQuest Education Group International Limited) | |
|---|---|---|
| 1-year return | +1.0% | -68.3% |
| 5-year return | -56.4% | -95.4% |
| Volatility (ann.) | 50.8% | 193.1% |
| Beta vs S&P 500 | 0.97 | -0.48 |
| Max drawdown (3Y) | -58.1% | -94.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVR | EEIQ |
|---|---|---|
| 2022 | +12.5% | -33.0% |
| 2023 | -39.0% | -11.8% |
| 2024 | -4.8% | -46.7% |
| 2025 | -11.3% | -78.7% |
| 2026 | -27.2% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and EEIQ good diversifiers for each other?
Yes. With a correlation of -0.28, CVR and EEIQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVR and EEIQ?
As of 2026-08-27, the correlation of weekly returns between CVR and EEIQ is -0.28 over 3 years, -0.44 over 1 year and -0.21 over 5 years.
Is EEIQ a good diversifier for CVR?
Yes. With a correlation of -0.28, CVR and EEIQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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: CVR correlations · EEIQ correlations
