KRMD vs LIVN: Correlation
Measured on weekly returns over the past three years, KORU Medical Systems, Inc. (KRMD) and LivaNova PLC (LIVN) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRMD and LIVN?
On 3 years of weekly data the KRMD/LIVN correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.39). The 5-year figure is 0.38, and annualized covariance runs at 776.9 %².
LIVN is one of the assets that tracks KRMD most closely: it ranks #2 out of the 10 assets we track against KRMD. The last year tells two different stories: LIVN led by 66.4 percentage points, -24.7% for KRMD against +41.7% for LIVN.
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.
KRMD vs LIVN: side by side
| KRMD (KORU Medical Systems, Inc.) | LIVN (LivaNova PLC) | |
|---|---|---|
| 1-year return | -24.7% | +41.7% |
| 5-year return | -0.3% | -2.9% |
| Volatility (ann.) | 48.9% | 40.6% |
| Beta vs S&P 500 | 0.80 | 0.98 |
| Max drawdown (3Y) | -58.0% | -47.2% |
| Market cap | $0.1B | $4.4B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRMD | LIVN |
|---|---|---|
| 2022 | +19.0% | -36.5% |
| 2023 | -31.2% | -6.8% |
| 2024 | +56.8% | -10.5% |
| 2025 | +50.9% | +32.9% |
| 2026 | -44.9% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRMD and LIVN good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRMD and LIVN?
As of 2026-08-27, the correlation of weekly returns between KRMD and LIVN is 0.39 over 3 years, 0.51 over 1 year and 0.38 over 5 years.
Is LIVN a good diversifier for KRMD?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/krmd-vs-livn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/krmd-vs-livn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRMD correlations · LIVN correlations
