ACAD vs NAKA: Correlation
ACADIA Pharmaceuticals Inc. (ACAD) and Nakamoto Inc. (NAKA) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACAD and NAKA?
Over the past 3 years, ACAD and NAKA moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.43). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4353.0 %².
Among the 15 assets we track against ACAD, NAKA ranks #7 by 3-year correlation. The last year tells two different stories: ACAD led by 108.8 percentage points, +11.9% for ACAD against -96.9% for NAKA. Note the risk asymmetry: NAKA runs 4.7 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.
ACAD vs NAKA: side by side
| ACAD (ACADIA Pharmaceuticals Inc.) | NAKA (Nakamoto Inc.) | |
|---|---|---|
| 1-year return | +11.9% | -96.9% |
| 5-year return | +75.2% | n/a |
| Volatility (ann.) | 48.8% | 231.2% |
| Beta vs S&P 500 | 1.18 | 4.09 |
| Max drawdown (3Y) | -55.6% | -99.7% |
| Market cap | $5.1B | $0.1B |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACAD | NAKA |
|---|---|---|
| 2022 | -31.8% | – |
| 2023 | +96.7% | – |
| 2024 | -41.4% | – |
| 2025 | +45.6% | -71.7% |
| 2026 | +11.3% | -44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACAD and NAKA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACAD and NAKA?
The ACAD/NAKA correlation stands at 0.43 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NAKA a good diversifier for ACAD?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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: ACAD correlations · NAKA correlations
