DEC vs PAVM: Correlation
Diversified Energy Company (DEC) and PAVmed Inc. (PAVM) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and PAVM?
Across a 3-year window, the weekly returns of DEC and PAVM correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of nan %².
Within DEC's tracked universe of 27 assets, PAVM comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DEC outperformed by 64.2 percentage points (-0.7% for DEC against -64.9% for PAVM).
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.
DEC vs PAVM: side by side
| DEC (Diversified Energy Company) | PAVM (PAVmed Inc.) | |
|---|---|---|
| 1-year return | -0.7% | -64.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | n/a | 102.0% |
| Beta vs S&P 500 | nan | 1.05 |
| Max drawdown (3Y) | -36.6% | -98.1% |
| Market cap | $1.0B | – |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 7.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | PAVM |
|---|---|---|
| 2022 | – | -80.5% |
| 2023 | +inf% | -42.8% |
| 2024 | +30.4% | -84.8% |
| 2025 | -4.7% | -64.8% |
| 2026 | +8.5% | -23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and PAVM good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between DEC and PAVM?
As of 2026-08-27, the correlation of weekly returns between DEC and PAVM is -0.19 over 3 years, -0.12 over 1 year and n/a over 5 years.
Is PAVM a good diversifier for DEC?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/dec-vs-pavm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dec-vs-pavm/)
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Related comparisons
Hubs: DEC correlations · PAVM correlations
