EUDA vs PROV: Correlation
Measured on weekly returns over the past three years, Euda Health Holdings Limited (EUDA) and Provident Financial Holdings, Inc. (PROV) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EUDA and PROV?
Across a 3-year window, the weekly returns of EUDA and PROV correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.19 over 3. Stretching to 5 years gives -0.16, with an annualized covariance of -446.6 %².
Within EUDA's tracked universe of 13 assets, PROV comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PROV ahead by 90.5 points (-67.2% versus +23.3%). Note the risk asymmetry: EUDA runs 8.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EUDA vs PROV: side by side
| EUDA (Euda Health Holdings Limited) | PROV (Provident Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | -67.2% | +23.3% |
| 5-year return | -92.2% | +30.9% |
| Volatility (ann.) | 139.0% | 17.1% |
| Beta vs S&P 500 | 0.75 | 0.24 |
| Max drawdown (3Y) | -95.7% | -19.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EUDA | PROV |
|---|---|---|
| 2022 | -83.1% | -13.5% |
| 2023 | -13.2% | -4.3% |
| 2024 | +212.9% | +31.4% |
| 2025 | -48.4% | +3.7% |
| 2026 | -67.5% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EUDA and PROV good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between EUDA and PROV?
The EUDA/PROV correlation stands at -0.19 on a 3-year window (1 year: -0.19, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is PROV a good diversifier for EUDA?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/euda-vs-prov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/euda-vs-prov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EUDA correlations · PROV correlations
