CVSA vs PRDO: Correlation
Measured on weekly returns over the past three years, Covista Inc. (CVSA) and Perdoceo Education Corporation (PRDO) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVSA and PRDO?
Across a 3-year window, the weekly returns of CVSA and PRDO correlate at 0.64, strong. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.64). Stretching to 5 years gives 0.54, with an annualized covariance of 1091.8 %².
PRDO is one of the assets that tracks CVSA most closely: it ranks #2 out of the 16 assets we track against CVSA. Neither side won the trailing year by much: +4.5% against +4.9%.
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 PRDO: side by side
| CVSA (Covista Inc.) | PRDO (Perdoceo Education Corporation) | |
|---|---|---|
| 1-year return | +4.5% | +4.9% |
| 5-year return | +282.8% | +228.8% |
| Volatility (ann.) | 46.4% | 36.8% |
| Beta vs S&P 500 | 0.67 | 0.42 |
| Max drawdown (3Y) | -42.1% | -27.2% |
| Market cap | $4.8B | $2.1B |
| P/E (trailing) | 18.4 | 12.2 |
| Dividend yield | 0.00% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVSA | PRDO |
|---|---|---|
| 2022 | +20.1% | +18.2% |
| 2023 | +66.1% | +28.0% |
| 2024 | +54.1% | +54.0% |
| 2025 | +13.9% | +12.9% |
| 2026 | +36.0% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVSA and PRDO good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CVSA and PRDO?
The CVSA/PRDO correlation stands at 0.64 on a 3-year window (1 year: 0.79, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is PRDO a good diversifier for CVSA?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/cvsa-vs-prdo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvsa-vs-prdo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVSA correlations · PRDO correlations
