AEON vs QUIK: Correlation
Measured on weekly returns over the past three years, AEON Biopharma, Inc. (AEON) and QuickLogic Corporation (QUIK) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEON and QUIK?
On 3 years of weekly data the AEON/QUIK correlation comes out at 0.33, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.33). The 5-year figure is 0.29, and annualized covariance runs at 3141.4 %².
Within AEON's tracked universe of 10 assets, QUIK comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QUIK ahead by 169.9 points (-61.8% versus +108.1%). Note the risk asymmetry: AEON 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.
AEON vs QUIK: side by side
| AEON (AEON Biopharma, Inc.) | QUIK (QuickLogic Corporation) | |
|---|---|---|
| 1-year return | -61.8% | +108.1% |
| 5-year return | n/a | +89.6% |
| Volatility (ann.) | 141.3% | 66.7% |
| Beta vs S&P 500 | 1.33 | 1.92 |
| Max drawdown (3Y) | -100.0% | -76.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEON | QUIK |
|---|---|---|
| 2022 | – | +0.6% |
| 2023 | – | +169.6% |
| 2024 | -92.5% | -18.5% |
| 2025 | -97.2% | -46.8% |
| 2026 | -73.3% | +88.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEON and QUIK good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEON and QUIK?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.12 over the last year and 0.29 over 5 years.
Is QUIK a good diversifier for AEON?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
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Related comparisons
Hubs: AEON correlations · QUIK correlations
