MOV vs PRHI: Correlation
Measured on weekly returns over the past three years, Movado Group Inc. (MOV) and Presurance Holdings, Inc. (PRHI) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOV and PRHI?
Across a 3-year window, the weekly returns of MOV and PRHI correlate at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -1294.4 %².
Among the 18 assets we track against MOV, PRHI sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months MOV outperformed by 88.2 percentage points (+109.2% for MOV against +21.0% for PRHI). Risk is not evenly split, since PRHI carries 3.1 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.
MOV vs PRHI: side by side
| MOV (Movado Group Inc.) | PRHI (Presurance Holdings, Inc.) | |
|---|---|---|
| 1-year return | +109.2% | +21.0% |
| 5-year return | +29.6% | -77.0% |
| Volatility (ann.) | 39.1% | 122.6% |
| Beta vs S&P 500 | 1.15 | 0.03 |
| Max drawdown (3Y) | -55.1% | -76.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 2.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOV | PRHI |
|---|---|---|
| 2022 | -19.7% | -32.3% |
| 2023 | +2.0% | -29.9% |
| 2024 | -30.6% | +6.4% |
| 2025 | +13.9% | -39.1% |
| 2026 | +71.7% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOV and PRHI good diversifiers for each other?
Yes. With a correlation of -0.27, MOV and PRHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOV and PRHI?
The MOV/PRHI correlation stands at -0.27 on a 3-year window (1 year: -0.27, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is PRHI a good diversifier for MOV?
Yes. With a correlation of -0.27, MOV and PRHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: MOV correlations · PRHI correlations
