NERV vs VANI: Correlation
Measured on weekly returns over the past three years, Minerva Neurosciences, Inc (NERV) and Vivani Medical, Inc. (VANI) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NERV and VANI?
On 3 years of weekly data the NERV/VANI correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.30). The 5-year figure is -0.04, and annualized covariance runs at -3684.2 %².
Among the 12 assets we track against NERV, VANI sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months NERV outperformed by 101.7 percentage points (+116.5% for NERV against +14.8% for VANI).
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.
NERV vs VANI: side by side
| NERV (Minerva Neurosciences, Inc) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +116.5% | +14.8% |
| 5-year return | -63.8% | -87.4% |
| Volatility (ann.) | 99.2% | 123.8% |
| Beta vs S&P 500 | 1.61 | 1.29 |
| Max drawdown (3Y) | -89.3% | -77.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NERV | VANI |
|---|---|---|
| 2022 | -75.2% | -82.6% |
| 2023 | +286.8% | +20.0% |
| 2024 | -63.9% | +13.7% |
| 2025 | +80.9% | +6.0% |
| 2026 | +27.6% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NERV and VANI good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NERV and VANI?
The NERV/VANI correlation stands at -0.30 on a 3-year window (1 year: -0.02, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for NERV?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: NERV correlations · VANI correlations
