AEYE vs PROP: Correlation
How closely do AudioEye, Inc. (AEYE) and Prairie Operating Co. (PROP) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEYE and PROP?
On 3 years of weekly data the AEYE/PROP correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 2928.3 %².
PROP is close to the least connected end of AEYE's tracked universe, ranking #13 of 17. Their recent paths diverged sharply: over the last 12 months AEYE outperformed by 37.1 percentage points (-41.4% for AEYE against -78.5% for PROP).
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.
AEYE vs PROP: side by side
| AEYE (AudioEye, Inc.) | PROP (Prairie Operating Co.) | |
|---|---|---|
| 1-year return | -41.4% | -78.5% |
| 5-year return | -44.5% | -99.1% |
| Volatility (ann.) | 86.5% | 101.6% |
| Beta vs S&P 500 | 2.63 | 1.03 |
| Max drawdown (3Y) | -83.9% | -97.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEYE | PROP |
|---|---|---|
| 2022 | -45.4% | -98.2% |
| 2023 | +41.5% | +498.8% |
| 2024 | +180.6% | -27.2% |
| 2025 | -34.3% | -75.6% |
| 2026 | -28.0% | -68.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEYE and PROP good diversifiers for each other?
Reasonably. At 0.33, AEYE and PROP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AEYE and PROP?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.36 over the last year and 0.13 over 5 years.
Is PROP a good diversifier for AEYE?
Reasonably. At 0.33, AEYE and PROP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeye-vs-prop.json
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Related comparisons
Hubs: AEYE correlations · PROP correlations
