PARA vs SVRN: Correlation
Measured on weekly returns over the past three years, Banzai International, Inc. (PARA) and OceanPal Inc. (SVRN) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARA and SVRN?
Across a 3-year window, the weekly returns of PARA and SVRN correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.25 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -4435.4 %².
Out of 20 assets tracked against PARA, SVRN lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months SVRN outperformed by 26.0 percentage points (-98.2% for PARA against -72.2% for SVRN).
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.
PARA vs SVRN: side by side
| PARA (Banzai International, Inc.) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | -98.2% | -72.2% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 114.5% | 153.9% |
| Beta vs S&P 500 | -0.02 | 0.71 |
| Max drawdown (3Y) | -100.0% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | 0.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PARA | SVRN |
|---|---|---|
| 2022 | +3.7% | -99.4% |
| 2023 | -81.4% | -90.0% |
| 2024 | -98.4% | -48.0% |
| 2025 | -93.7% | -96.3% |
| 2026 | -93.8% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARA and SVRN good diversifiers for each other?
Yes. With a correlation of -0.25, PARA and SVRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PARA and SVRN?
The PARA/SVRN correlation stands at -0.25 on a 3-year window (1 year: -0.43, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is SVRN a good diversifier for PARA?
Yes. With a correlation of -0.25, PARA and SVRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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: PARA correlations · SVRN correlations
