EBON vs ENLV: Correlation
How closely do Ebang International Holdings Inc. - Class A (EBON) and Enlivex Ltd. (ENLV) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBON and ENLV?
Across a 3-year window, the weekly returns of EBON and ENLV correlate at 0.39, moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.39). Stretching to 5 years gives 0.28, with an annualized covariance of 3764.2 %².
By 3-year correlation, ENLV places #9 of the 14 assets tracked against EBON. The last year tells two different stories: EBON led by 47.5 percentage points, -43.5% for EBON against -91.0% for ENLV.
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.
EBON vs ENLV: side by side
| EBON (Ebang International Holdings Inc. - Class A) | ENLV (Enlivex Ltd.) | |
|---|---|---|
| 1-year return | -43.5% | -91.0% |
| 5-year return | -97.1% | -99.2% |
| Volatility (ann.) | 87.4% | 111.4% |
| Beta vs S&P 500 | 1.50 | 1.02 |
| Max drawdown (3Y) | -90.4% | -97.7% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBON | ENLV |
|---|---|---|
| 2022 | -90.6% | -37.0% |
| 2023 | +425.8% | -31.4% |
| 2024 | -62.6% | -56.7% |
| 2025 | -46.5% | -39.9% |
| 2026 | -27.4% | -86.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBON and ENLV good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EBON and ENLV?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with -0.06 over the last year and 0.28 over 5 years.
Is ENLV a good diversifier for EBON?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/ebon-vs-enlv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ebon-vs-enlv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EBON correlations · ENLV correlations
