CVV vs EUDA: Correlation
Measured on weekly returns over the past three years, CVD Equipment Corporation (CVV) and Euda Health Holdings Limited (EUDA) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVV and EUDA?
Across a 3-year window, the weekly returns of CVV and EUDA correlate at 0.29, weak. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 3173.5 %².
Within CVV's tracked universe of 14 assets, EUDA comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CVV ahead by 221.3 points (+154.1% versus -67.2%). Risk is not evenly split, since EUDA carries 1.8 times the volatility of the other side.
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 EUDA: side by side
| CVV (CVD Equipment Corporation) | EUDA (Euda Health Holdings Limited) | |
|---|---|---|
| 1-year return | +154.1% | -67.2% |
| 5-year return | +58.5% | -92.2% |
| Volatility (ann.) | 78.8% | 139.0% |
| Beta vs S&P 500 | 0.89 | 0.75 |
| Max drawdown (3Y) | -67.7% | -95.7% |
| 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 | EUDA |
|---|---|---|
| 2022 | +33.4% | -83.1% |
| 2023 | -19.6% | -13.2% |
| 2024 | -0.7% | +212.9% |
| 2025 | -29.8% | -48.4% |
| 2026 | +138.5% | -67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and EUDA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVV and EUDA?
As of 2026-08-27, the correlation of weekly returns between CVV and EUDA is 0.29 over 3 years, 0.38 over 1 year and 0.25 over 5 years.
Is EUDA a good diversifier for CVV?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvv-vs-euda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvv-vs-euda/)
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Related comparisons
Hubs: CVV correlations · EUDA correlations
