ADPT vs SKYX: Correlation
Measured on weekly returns over the past three years, Adaptive Biotechnologies Corporation (ADPT) and SKYX Platforms Corp. (SKYX) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADPT and SKYX?
On 3 years of weekly data the ADPT/SKYX correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.35). The 5-year figure is 0.17, and annualized covariance runs at 2105.2 %².
By 3-year correlation, SKYX places #7 of the 12 assets tracked against ADPT. The last year tells two different stories: ADPT led by 101.4 percentage points, +103.9% for ADPT against +2.5% for SKYX.
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.
ADPT vs SKYX: side by side
| ADPT (Adaptive Biotechnologies Corporation) | SKYX (SKYX Platforms Corp.) | |
|---|---|---|
| 1-year return | +103.9% | +2.5% |
| 5-year return | -26.1% | -89.7% |
| Volatility (ann.) | 69.8% | 85.8% |
| Beta vs S&P 500 | 1.40 | 1.83 |
| Max drawdown (3Y) | -65.8% | -69.8% |
| Market cap | $4.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADPT | SKYX |
|---|---|---|
| 2022 | -72.8% | – |
| 2023 | -35.9% | -36.5% |
| 2024 | +22.3% | -27.5% |
| 2025 | +170.9% | +87.1% |
| 2026 | +62.8% | -43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADPT and SKYX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADPT and SKYX?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.16 over the last year and 0.17 over 5 years.
Is SKYX a good diversifier for ADPT?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/adpt-vs-skyx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adpt-vs-skyx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADPT correlations · SKYX correlations
