EHGO vs INVE: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Identiv, Inc. (INVE) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and INVE?
Over the past 3 years, EHGO and INVE moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.34). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2254.2 %².
Among the 66 assets we track against EHGO, INVE sits near the bottom by co-movement, at rank #64. The last year tells two different stories: INVE led by 66.7 percentage points, -90.1% for EHGO against -23.4% for INVE. One caveat on sizing: EHGO is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EHGO vs INVE: side by side
| EHGO (Eshallgo Inc. - Class A) | INVE (Identiv, Inc.) | |
|---|---|---|
| 1-year return | -90.1% | -23.4% |
| 5-year return | n/a | -83.7% |
| Volatility (ann.) | 127.9% | 54.6% |
| Beta vs S&P 500 | -1.42 | 1.05 |
| Max drawdown (3Y) | -98.5% | -72.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | INVE |
|---|---|---|
| 2022 | – | -74.3% |
| 2023 | – | +13.8% |
| 2024 | – | -55.6% |
| 2025 | -94.4% | +4.9% |
| 2026 | -65.9% | -26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and INVE good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and INVE?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.50 over the last year and n/a over 5 years.
Is INVE a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 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/ehgo-vs-inve.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-inve/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EHGO correlations · INVE correlations
