PAVM vs PLCE: Correlation
Measured on weekly returns over the past three years, PAVmed Inc. (PAVM) and Children's Place, Inc. (The) (PLCE) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAVM and PLCE?
On 3 years of weekly data the PAVM/PLCE correlation comes out at 0.35, moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.35). The 5-year figure is 0.30, and annualized covariance runs at 5675.7 %².
Within PAVM's tracked universe of 11 assets, PLCE comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLCE outperformed by 17.8 percentage points (-64.9% for PAVM against -47.1% for PLCE). Risk is not evenly split, since PLCE carries 1.6 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.
PAVM vs PLCE: side by side
| PAVM (PAVmed Inc.) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | -64.9% | -47.1% |
| 5-year return | -99.8% | -97.2% |
| Volatility (ann.) | 102.0% | 159.8% |
| Beta vs S&P 500 | 1.05 | 2.28 |
| Max drawdown (3Y) | -98.1% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAVM | PLCE |
|---|---|---|
| 2022 | -80.5% | -54.1% |
| 2023 | -42.8% | -36.2% |
| 2024 | -84.8% | -55.0% |
| 2025 | -64.8% | -62.0% |
| 2026 | -23.5% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAVM and PLCE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PAVM and PLCE?
The PAVM/PLCE correlation stands at 0.35 on a 3-year window (1 year: -0.06, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is PLCE a good diversifier for PAVM?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pavm-vs-plce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pavm-vs-plce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAVM correlations · PLCE correlations
