ENVB vs IBM: Correlation
How closely do Enveric Biosciences, Inc. (ENVB) and IBM (IBM) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and IBM?
On 3 years of weekly data the ENVB/IBM correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -1112.1 %².
By 3-year correlation, IBM places #10 of the 16 assets tracked against ENVB. Their recent paths diverged sharply: over the last 12 months IBM outperformed by 92.2 percentage points (-92.1% for ENVB against +0.1% for IBM). Risk is not evenly split, since ENVB carries 4.6 times the volatility of the other side.
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 IBM: side by side
| ENVB (Enveric Biosciences, Inc.) | IBM (IBM) | |
|---|---|---|
| 1-year return | -92.1% | +0.1% |
| 5-year return | -100.0% | +117.6% |
| Volatility (ann.) | 160.8% | 34.7% |
| Beta vs S&P 500 | 0.75 | 0.78 |
| Max drawdown (3Y) | -100.0% | -37.5% |
| Market cap | – | $225.0B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 2.93% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ENVB | IBM |
|---|---|---|
| 2022 | -95.5% | +10.6% |
| 2023 | -37.5% | +21.8% |
| 2024 | -72.5% | +39.3% |
| 2025 | -99.6% | +38.2% |
| 2026 | -62.3% | -17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and IBM good diversifiers for each other?
Yes. With a correlation of -0.20, ENVB and IBM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENVB and IBM?
The ENVB/IBM correlation stands at -0.20 on a 3-year window (1 year: -0.13, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is IBM a good diversifier for ENVB?
Yes. With a correlation of -0.20, ENVB and IBM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-ibm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/envb-vs-ibm/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: ENVB correlations · IBM correlations
