INVE vs MDIA: Correlation
How closely do Identiv, Inc. (INVE) and Mediaco Holding Inc. (MDIA) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVE and MDIA?
On 3 years of weekly data the INVE/MDIA correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.30 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -6381.8 %².
Among the 12 assets we track against INVE, MDIA sits near the bottom by co-movement, at rank #11. Twelve-month performance is nearly a tie, at -23.4% for INVE and -20.6% for MDIA. Risk is not evenly split, since MDIA carries 7.1 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.
INVE vs MDIA: side by side
| INVE (Identiv, Inc.) | MDIA (Mediaco Holding Inc.) | |
|---|---|---|
| 1-year return | -23.4% | -20.6% |
| 5-year return | -83.7% | -89.6% |
| Volatility (ann.) | 54.6% | 389.4% |
| Beta vs S&P 500 | 1.05 | -0.94 |
| Max drawdown (3Y) | -72.2% | -90.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INVE | MDIA |
|---|---|---|
| 2022 | -74.3% | -78.5% |
| 2023 | +13.8% | -62.6% |
| 2024 | -55.6% | +165.1% |
| 2025 | +4.9% | -49.1% |
| 2026 | -26.8% | +79.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVE and MDIA good diversifiers for each other?
Yes. With a correlation of -0.30, INVE and MDIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INVE and MDIA?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.16 over the last year and -0.17 over 5 years.
Is MDIA a good diversifier for INVE?
Yes. With a correlation of -0.30, INVE and MDIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/inve-vs-mdia.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inve-vs-mdia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INVE correlations · MDIA correlations
