ENLV vs PWCM: Correlation
Measured on weekly returns over the past three years, Enlivex Ltd. (ENLV) and PowerCompute, Inc. (PWCM) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLV and PWCM?
Over the past 3 years, ENLV and PWCM moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.46). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 5903.5 %².
Few assets follow ENLV as closely as PWCM, which ranks #2 of 13 tracked partners. On 12-month performance ENLV holds a 5.1-point edge, -91.0% against -96.1%.
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.
ENLV vs PWCM: side by side
| ENLV (Enlivex Ltd.) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | -91.0% | -96.1% |
| 5-year return | -99.2% | -99.8% |
| Volatility (ann.) | 111.4% | 115.8% |
| Beta vs S&P 500 | 1.02 | 2.15 |
| Max drawdown (3Y) | -97.7% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENLV | PWCM |
|---|---|---|
| 2022 | -37.0% | -88.6% |
| 2023 | -31.4% | +11.8% |
| 2024 | -56.7% | -41.9% |
| 2025 | -39.9% | -79.3% |
| 2026 | -86.0% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLV and PWCM good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ENLV and PWCM?
As of 2026-08-27, the correlation of weekly returns between ENLV and PWCM is 0.46 over 3 years, 0.26 over 1 year and 0.35 over 5 years.
Is PWCM a good diversifier for ENLV?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/enlv-vs-pwcm.json
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Related comparisons
Hubs: ENLV correlations · PWCM correlations
