HOV vs VTGN: Correlation
How closely do Hovnanian Enterprises, Inc. (HOV) and Vistagen Therapeutics, Inc. (VTGN) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOV and VTGN?
On 3 years of weekly data the HOV/VTGN correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.41). The 5-year figure is 0.20, and annualized covariance runs at 2490.7 %².
By 3-year correlation, VTGN places #14 of the 21 assets tracked against HOV. The last year tells two different stories: HOV led by 82.6 percentage points, -9.3% for HOV against -91.9% for VTGN.
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 VTGN: side by side
| HOV (Hovnanian Enterprises, Inc.) | VTGN (Vistagen Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -9.3% | -91.9% |
| 5-year return | +19.3% | -99.7% |
| Volatility (ann.) | 67.9% | 90.2% |
| Beta vs S&P 500 | 1.58 | 0.98 |
| Max drawdown (3Y) | -63.1% | -96.6% |
| Market cap | $0.7B | – |
| P/E (trailing) | 123.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOV | VTGN |
|---|---|---|
| 2022 | -66.9% | -94.9% |
| 2023 | +269.8% | +71.3% |
| 2024 | -14.0% | -42.6% |
| 2025 | -27.1% | -77.6% |
| 2026 | +29.9% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOV and VTGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HOV and VTGN?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.24 over the last year and 0.20 over 5 years.
Is VTGN a good diversifier for HOV?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/hov-vs-vtgn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hov-vs-vtgn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOV correlations · VTGN correlations
