HVT vs PBYI: Correlation
How closely do Haverty Furniture Companies, Inc. (HVT) and Puma Biotechnology Inc (PBYI) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HVT and PBYI?
Across a 3-year window, the weekly returns of HVT and PBYI correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 938.5 %².
Among the 17 assets we track against HVT, PBYI sits near the bottom by co-movement, at rank #13. The last year tells two different stories: PBYI led by 54.7 percentage points, +26.5% for HVT against +81.2% for PBYI. Risk is not evenly split, since PBYI carries 2.0 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.
HVT vs PBYI: side by side
| HVT (Haverty Furniture Companies, Inc.) | PBYI (Puma Biotechnology Inc) | |
|---|---|---|
| 1-year return | +26.5% | +81.2% |
| 5-year return | +8.2% | +21.4% |
| Volatility (ann.) | 34.8% | 70.9% |
| Beta vs S&P 500 | 1.02 | 0.91 |
| Max drawdown (3Y) | -50.1% | -69.6% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | 19.7 | 18.1 |
| Dividend yield | 4.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HVT | PBYI |
|---|---|---|
| 2022 | +4.8% | +39.1% |
| 2023 | +27.2% | +2.4% |
| 2024 | -34.4% | -29.6% |
| 2025 | +11.2% | +95.1% |
| 2026 | +22.2% | +55.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and PBYI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HVT and PBYI?
The HVT/PBYI correlation stands at 0.38 on a 3-year window (1 year: 0.39, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is PBYI a good diversifier for HVT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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 · PBYI correlations
