AGIG vs OKYO: Correlation
Measured on weekly returns over the past three years, Abundia Global Impact Group Inc. (AGIG) and OKYO Pharma Limited (OKYO) 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 AGIG and OKYO?
On 3 years of weekly data the AGIG/OKYO correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (-0.03) runs below the 3-year figure (0.35). The 5-year figure is 0.19, and annualized covariance runs at 4173.8 %².
By 3-year correlation, OKYO places #9 of the 34 assets tracked against AGIG. The last year tells two different stories: OKYO led by 57.3 percentage points, -88.7% for AGIG against -31.4% for OKYO. Note the risk asymmetry: AGIG 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.
AGIG vs OKYO: side by side
| AGIG (Abundia Global Impact Group Inc.) | OKYO (OKYO Pharma Limited) | |
|---|---|---|
| 1-year return | -88.7% | -31.4% |
| 5-year return | -94.6% | -57.2% |
| Volatility (ann.) | 157.1% | 76.6% |
| Beta vs S&P 500 | -0.21 | 0.56 |
| Max drawdown (3Y) | -96.7% | -69.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | OKYO |
|---|---|---|
| 2022 | +140.6% | – |
| 2023 | -48.0% | -7.3% |
| 2024 | -27.9% | -35.0% |
| 2025 | -84.7% | +80.0% |
| 2026 | -51.0% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and OKYO 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 AGIG and OKYO?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with -0.03 over the last year and 0.19 over 5 years.
Is OKYO a good diversifier for AGIG?
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.
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Related comparisons
Hubs: AGIG correlations · OKYO correlations
