ENVB vs EUDA: Correlation
Measured on weekly returns over the past three years, Enveric Biosciences, Inc. (ENVB) and Euda Health Holdings Limited (EUDA) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and EUDA?
Across a 3-year window, the weekly returns of ENVB and EUDA correlate at 0.32, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.32). Stretching to 5 years gives 0.26, with an annualized covariance of 7056.0 %².
By 3-year correlation, EUDA places #5 of the 16 assets tracked against ENVB. Correlation aside, the last 12 months split them widely, with EUDA ahead by 24.9 points (-92.1% versus -67.2%).
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.
ENVB vs EUDA: side by side
| ENVB (Enveric Biosciences, Inc.) | EUDA (Euda Health Holdings Limited) | |
|---|---|---|
| 1-year return | -92.1% | -67.2% |
| 5-year return | -100.0% | -92.2% |
| Volatility (ann.) | 160.8% | 139.0% |
| Beta vs S&P 500 | 0.75 | 0.75 |
| Max drawdown (3Y) | -100.0% | -95.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVB | EUDA |
|---|---|---|
| 2022 | -95.5% | -83.1% |
| 2023 | -37.5% | -13.2% |
| 2024 | -72.5% | +212.9% |
| 2025 | -99.6% | -48.4% |
| 2026 | -62.3% | -67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and EUDA good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ENVB and EUDA?
As of 2026-08-27, the correlation of weekly returns between ENVB and EUDA is 0.32 over 3 years, 0.55 over 1 year and 0.26 over 5 years.
Is EUDA a good diversifier for ENVB?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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/envb-vs-euda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/envb-vs-euda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENVB correlations · EUDA correlations
