EHGO vs TVRD: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and Tvardi Therapeutics, Inc. (TVRD) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and TVRD?
Across a 3-year window, the weekly returns of EHGO and TVRD correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -4152.1 %².
Within EHGO's tracked universe of 66 assets, TVRD comes in at #57 by 3-year correlation. Twelve-month performance is nearly a tie, at -90.1% for EHGO and -94.1% for TVRD.
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 TVRD: side by side
| EHGO (Eshallgo Inc. - Class A) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -90.1% | -94.1% |
| 5-year return | n/a | -99.7% |
| Volatility (ann.) | 127.9% | 119.7% |
| Beta vs S&P 500 | -1.42 | 1.39 |
| Max drawdown (3Y) | -98.5% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | TVRD |
|---|---|---|
| 2022 | – | -11.8% |
| 2023 | – | -93.1% |
| 2024 | – | -31.4% |
| 2025 | -94.4% | -76.6% |
| 2026 | -65.9% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and TVRD good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and TVRD?
As of 2026-08-27, the correlation of weekly returns between EHGO and TVRD is -0.27 over 3 years, -0.41 over 1 year and n/a over 5 years.
Is TVRD a good diversifier for EHGO?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EHGO correlations · TVRD correlations
