ENVB vs HCA: Correlation
Measured on weekly returns over the past three years, Enveric Biosciences, Inc. (ENVB) and HCA Healthcare (HCA) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and HCA?
On 3 years of weekly data the ENVB/HCA correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.27 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -1189.9 %².
HCA is close to the least connected end of ENVB's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with HCA ahead by 96.3 points (-92.1% versus +4.2%). One caveat on sizing: ENVB is 6.0 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.
ENVB vs HCA: side by side
| ENVB (Enveric Biosciences, Inc.) | HCA (HCA Healthcare) | |
|---|---|---|
| 1-year return | -92.1% | +4.2% |
| 5-year return | -100.0% | +72.5% |
| Volatility (ann.) | 160.8% | 26.9% |
| Beta vs S&P 500 | 0.75 | 0.42 |
| Max drawdown (3Y) | -100.0% | -33.6% |
| Market cap | – | $90.8B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ENVB | HCA |
|---|---|---|
| 2022 | -95.5% | -5.6% |
| 2023 | -37.5% | +13.8% |
| 2024 | -72.5% | +11.8% |
| 2025 | -99.6% | +56.7% |
| 2026 | -62.3% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and HCA 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 ENVB and HCA?
The ENVB/HCA correlation stands at -0.27 on a 3-year window (1 year: -0.38, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is HCA a good diversifier for ENVB?
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?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/envb-vs-hca.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/envb-vs-hca/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENVB correlations · HCA correlations
