CVSA vs ITRI: Correlation
Measured on weekly returns over the past three years, Covista Inc. (CVSA) and Itron, Inc. (ITRI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVSA and ITRI?
Across a 3-year window, the weekly returns of CVSA and ITRI correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 894.6 %².
By 3-year correlation, ITRI places #4 of the 16 assets tracked against CVSA. Correlation aside, the last 12 months split them widely, with CVSA ahead by 24.4 points (+4.5% versus -19.9%).
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.
CVSA vs ITRI: side by side
| CVSA (Covista Inc.) | ITRI (Itron, Inc.) | |
|---|---|---|
| 1-year return | +4.5% | -19.9% |
| 5-year return | +282.8% | +17.0% |
| Volatility (ann.) | 46.4% | 38.9% |
| Beta vs S&P 500 | 0.67 | 1.14 |
| Max drawdown (3Y) | -42.1% | -43.6% |
| Market cap | $4.8B | $4.3B |
| P/E (trailing) | 18.4 | 16.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVSA | ITRI |
|---|---|---|
| 2022 | +20.1% | -26.1% |
| 2023 | +66.1% | +49.1% |
| 2024 | +54.1% | +43.8% |
| 2025 | +13.9% | -14.5% |
| 2026 | +36.0% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVSA and ITRI good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CVSA and ITRI?
As of 2026-08-27, the correlation of weekly returns between CVSA and ITRI is 0.50 over 3 years, 0.53 over 1 year and 0.43 over 5 years.
Is ITRI a good diversifier for CVSA?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/cvsa-vs-itri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvsa-vs-itri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVSA correlations · ITRI correlations
