NVNO vs PWCM: Correlation
enVVeno Medical Corporation (NVNO) and PowerCompute, Inc. (PWCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNO and PWCM?
On 3 years of weekly data the NVNO/PWCM correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.33 over 3. The 5-year figure is 0.25, and annualized covariance runs at 3264.0 %².
In NVNO's tracked universe of 13 assets, PWCM sits right near the top at #1. The last year tells two different stories: NVNO led by 31.6 percentage points, -64.5% for NVNO against -96.1% for PWCM.
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.
NVNO vs PWCM: side by side
| NVNO (enVVeno Medical Corporation) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | -64.5% | -96.1% |
| 5-year return | -95.8% | -99.8% |
| Volatility (ann.) | 85.0% | 115.8% |
| Beta vs S&P 500 | 1.44 | 2.15 |
| Max drawdown (3Y) | -96.3% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNO | PWCM |
|---|---|---|
| 2022 | -22.6% | -88.6% |
| 2023 | +0.8% | +11.8% |
| 2024 | -41.2% | -41.9% |
| 2025 | -89.4% | -79.3% |
| 2026 | +0.0% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNO and PWCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVNO and PWCM?
The NVNO/PWCM correlation stands at 0.33 on a 3-year window (1 year: 0.26, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is PWCM a good diversifier for NVNO?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvno-vs-pwcm.json
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Related comparisons
Hubs: NVNO correlations · PWCM correlations
