HOV vs PHVS: Correlation
Hovnanian Enterprises, Inc. (HOV) and Pharvaris N.V. (PHVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOV and PHVS?
Across a 3-year window, the weekly returns of HOV and PHVS correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of 1482.6 %².
Among the 21 assets we track against HOV, PHVS ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PHVS ahead by 64.9 points (-9.3% versus +55.6%).
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.
HOV vs PHVS: side by side
| HOV (Hovnanian Enterprises, Inc.) | PHVS (Pharvaris N.V.) | |
|---|---|---|
| 1-year return | -9.3% | +55.6% |
| 5-year return | +19.3% | +76.4% |
| Volatility (ann.) | 67.9% | 59.0% |
| Beta vs S&P 500 | 1.58 | 0.68 |
| Max drawdown (3Y) | -63.1% | -63.1% |
| Market cap | $0.7B | $2.6B |
| P/E (trailing) | 123.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOV | PHVS |
|---|---|---|
| 2022 | -66.9% | -21.8% |
| 2023 | +269.8% | +149.3% |
| 2024 | -14.0% | -31.7% |
| 2025 | -27.1% | +44.8% |
| 2026 | +29.9% | +33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOV and PHVS good diversifiers for each other?
Reasonably. At 0.37, HOV and PHVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HOV and PHVS?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.29 over the last year and -0.04 over 5 years.
Is PHVS a good diversifier for HOV?
Reasonably. At 0.37, HOV and PHVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hov-vs-phvs.json
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Related comparisons
Hubs: HOV correlations · PHVS correlations
