ABEO vs POET: Correlation
Measured on weekly returns over the past three years, Abeona Therapeutics Inc. (ABEO) and POET Technologies Inc. (POET) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABEO and POET?
Across a 3-year window, the weekly returns of ABEO and POET correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.12) runs above the 3-year figure (-0.26). Stretching to 5 years gives -0.14, with an annualized covariance of -2801.0 %².
Out of 10 assets tracked against ABEO, POET lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with POET ahead by 64.7 points (-12.5% versus +52.2%). Note the risk asymmetry: POET runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ABEO vs POET: side by side
| ABEO (Abeona Therapeutics Inc.) | POET (POET Technologies Inc.) | |
|---|---|---|
| 1-year return | -12.5% | +52.2% |
| 5-year return | -81.1% | -3.6% |
| Volatility (ann.) | 70.8% | 150.2% |
| Beta vs S&P 500 | 1.33 | 2.33 |
| Max drawdown (3Y) | -63.5% | -80.1% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABEO | POET |
|---|---|---|
| 2022 | -63.8% | -57.5% |
| 2023 | +62.7% | -68.9% |
| 2024 | +11.2% | +533.0% |
| 2025 | -5.4% | +6.4% |
| 2026 | +14.6% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABEO and POET good diversifiers for each other?
Yes. With a correlation of -0.26, ABEO and POET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABEO and POET?
The ABEO/POET correlation stands at -0.26 on a 3-year window (1 year: 0.12, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is POET a good diversifier for ABEO?
Yes. With a correlation of -0.26, ABEO and POET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/abeo-vs-poet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abeo-vs-poet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABEO correlations · POET correlations
