CVV vs EEIQ: Correlation
How closely do CVD Equipment Corporation (CVV) and EpicQuest Education Group International Limited (EEIQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVV and EEIQ?
On 3 years of weekly data the CVV/EEIQ correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.36). The 5-year figure is 0.24, and annualized covariance runs at 5526.8 %².
Among the 14 assets we track against CVV, EEIQ ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CVV outperformed by 222.4 percentage points (+154.1% for CVV against -68.3% for EEIQ). Note the risk asymmetry: EEIQ runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CVV vs EEIQ: side by side
| CVV (CVD Equipment Corporation) | EEIQ (EpicQuest Education Group International Limited) | |
|---|---|---|
| 1-year return | +154.1% | -68.3% |
| 5-year return | +58.5% | -95.4% |
| Volatility (ann.) | 78.8% | 193.1% |
| Beta vs S&P 500 | 0.89 | -0.48 |
| Max drawdown (3Y) | -67.7% | -94.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVV | EEIQ |
|---|---|---|
| 2022 | +33.4% | -33.0% |
| 2023 | -19.6% | -11.8% |
| 2024 | -0.7% | -46.7% |
| 2025 | -29.8% | -78.7% |
| 2026 | +138.5% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and EEIQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVV and EEIQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.49 over the last year and 0.24 over 5 years.
Is EEIQ a good diversifier for CVV?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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: CVV correlations · EEIQ correlations
