CYPH vs MOVE: Correlation
Measured on weekly returns over the past three years, Cypherpunk Technologies Inc. (CYPH) and Corvex, Inc. (MOVE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYPH and MOVE?
On 3 years of weekly data the CYPH/MOVE correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 20956.9 %².
Within CYPH's tracked universe of 10 assets, MOVE comes in at #5 by 3-year correlation. The last year tells two different stories: CYPH led by 405.8 percentage points, +549.5% for CYPH against +143.7% for MOVE. Note the risk asymmetry: CYPH runs 2.0 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.
CYPH vs MOVE: side by side
| CYPH (Cypherpunk Technologies Inc.) | MOVE (Corvex, Inc.) | |
|---|---|---|
| 1-year return | +549.5% | +143.7% |
| 5-year return | -89.0% | -97.6% |
| Volatility (ann.) | 319.9% | 159.1% |
| Beta vs S&P 500 | 1.42 | 1.58 |
| Max drawdown (3Y) | -94.9% | -97.5% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYPH | MOVE |
|---|---|---|
| 2022 | -86.1% | -65.8% |
| 2023 | -7.9% | -39.9% |
| 2024 | -30.6% | -53.9% |
| 2025 | -59.7% | -84.6% |
| 2026 | +62.9% | +82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYPH and MOVE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CYPH and MOVE?
The CYPH/MOVE correlation stands at 0.41 on a 3-year window (1 year: 0.48, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is MOVE a good diversifier for CYPH?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/cyph-vs-move.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cyph-vs-move/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYPH correlations · MOVE correlations
