ACIC vs NIKI: Correlation
American Coastal Insurance Corporation (ACIC) and Niki BioSolutions, Inc. (NIKI) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACIC and NIKI?
Across a 3-year window, the weekly returns of ACIC and NIKI correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.21). Stretching to 5 years gives -0.01, with an annualized covariance of -1622.0 %².
Out of 10 assets tracked against ACIC, NIKI lands near the bottom at #8. The last year tells two different stories: ACIC led by 60.2 percentage points, -6.3% for ACIC against -66.5% for NIKI. Note the risk asymmetry: NIKI runs 6.8 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.
ACIC vs NIKI: side by side
| ACIC (American Coastal Insurance Corporation) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | -6.3% | -66.5% |
| 5-year return | +184.8% | -97.1% |
| Volatility (ann.) | 33.6% | 227.3% |
| Beta vs S&P 500 | 0.49 | 0.93 |
| Max drawdown (3Y) | -32.8% | -94.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 4.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACIC | NIKI |
|---|---|---|
| 2022 | -75.1% | -63.3% |
| 2023 | +792.5% | -55.5% |
| 2024 | +42.3% | +14.3% |
| 2025 | -2.5% | -62.1% |
| 2026 | -20.6% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACIC and NIKI good diversifiers for each other?
Yes. With a correlation of -0.21, ACIC and NIKI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACIC and NIKI?
The ACIC/NIKI correlation stands at -0.21 on a 3-year window (1 year: -0.06, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is NIKI a good diversifier for ACIC?
Yes. With a correlation of -0.21, ACIC and NIKI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acic-vs-niki.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acic-vs-niki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACIC correlations · NIKI correlations
