RVSB vs VEEV: Correlation
Measured on weekly returns over the past three years, Riverview Bancorp Inc (RVSB) and Veeva Systems (VEEV) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVSB and VEEV?
Across a 3-year window, the weekly returns of RVSB and VEEV correlate at -0.15, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -158.9 %².
Among the 12 assets we track against RVSB, VEEV sits near the bottom by co-movement, at rank #8. On 12-month performance RVSB holds a 7.0-point edge, +3.1% against -3.9%. Risk is not evenly split, since VEEV 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.
RVSB vs VEEV: side by side
| RVSB (Riverview Bancorp Inc) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +3.1% | -3.9% |
| 5-year return | -17.9% | -15.2% |
| Volatility (ann.) | 25.6% | 40.0% |
| Beta vs S&P 500 | 0.17 | 0.99 |
| Max drawdown (3Y) | -42.5% | -50.5% |
| Market cap | $0.1B | $45.8B |
| P/E (trailing) | – | 46.3 |
| Dividend yield | 1.55% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | RVSB | VEEV |
|---|---|---|
| 2022 | +3.2% | -36.8% |
| 2023 | -13.1% | +19.3% |
| 2024 | -7.4% | +9.2% |
| 2025 | -11.3% | +6.2% |
| 2026 | +4.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVSB and VEEV good diversifiers for each other?
Yes. With a correlation of -0.15, RVSB and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RVSB and VEEV?
The RVSB/VEEV correlation stands at -0.15 on a 3-year window (1 year: -0.24, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is VEEV a good diversifier for RVSB?
Yes. With a correlation of -0.15, RVSB and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 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/rvsb-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rvsb-vs-veev/)
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Related comparisons
Hubs: RVSB correlations · VEEV correlations
