HVT vs MED: Correlation
Measured on weekly returns over the past three years, Haverty Furniture Companies, Inc. (HVT) and MEDIFAST INC (MED) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HVT and MED?
Over the past 3 years, HVT and MED moved with a correlation of 0.51, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.51 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 846.6 %².
Among the 17 assets we track against HVT, MED ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HVT ahead by 41.2 points (+26.5% versus -14.7%).
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.
HVT vs MED: side by side
| HVT (Haverty Furniture Companies, Inc.) | MED (MEDIFAST INC) | |
|---|---|---|
| 1-year return | +26.5% | -14.7% |
| 5-year return | +8.2% | -94.1% |
| Volatility (ann.) | 34.8% | 47.7% |
| Beta vs S&P 500 | 1.02 | 0.68 |
| Max drawdown (3Y) | -50.1% | -88.8% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 4.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HVT | MED |
|---|---|---|
| 2022 | +4.8% | -42.3% |
| 2023 | +27.2% | -38.3% |
| 2024 | -34.4% | -73.8% |
| 2025 | +11.2% | -39.4% |
| 2026 | +22.2% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and MED good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HVT and MED?
The HVT/MED correlation stands at 0.51 on a 3-year window (1 year: 0.41, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is MED a good diversifier for HVT?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HVT correlations · MED correlations
