TBCH vs VERI: Correlation
Measured on weekly returns over the past three years, Turtle Beach Corporation (TBCH) and Veritone, Inc. (VERI) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TBCH and VERI?
On 3 years of weekly data the TBCH/VERI correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 2876.1 %².
Among the 23 assets we track against TBCH, VERI ranks #16 by 3-year correlation. The last year tells two different stories: TBCH led by 56.4 percentage points, -16.6% for TBCH against -73.0% for VERI. One caveat on sizing: VERI is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TBCH vs VERI: side by side
| TBCH (Turtle Beach Corporation) | VERI (Veritone, Inc.) | |
|---|---|---|
| 1-year return | -16.6% | -73.0% |
| 5-year return | -55.7% | -95.9% |
| Volatility (ann.) | 57.8% | 118.8% |
| Beta vs S&P 500 | 2.21 | 2.91 |
| Max drawdown (3Y) | -51.8% | -90.5% |
| 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 | TBCH | VERI |
|---|---|---|
| 2022 | -67.8% | -76.4% |
| 2023 | +52.7% | -65.8% |
| 2024 | +58.1% | +81.2% |
| 2025 | -18.9% | +41.8% |
| 2026 | -7.5% | -82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TBCH and VERI good diversifiers for each other?
Reasonably. At 0.42, TBCH and VERI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TBCH and VERI?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.40 over the last year and 0.38 over 5 years.
Is VERI a good diversifier for TBCH?
Reasonably. At 0.42, TBCH and VERI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: TBCH correlations · VERI correlations
