AIOS vs EDSA: Correlation
Measured on weekly returns over the past three years, AIOS Tech Inc. - Class A (AIOS) and Edesa Biotech, Inc. (EDSA) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOS and EDSA?
On 3 years of weekly data the AIOS/EDSA correlation comes out at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.39). The 5-year figure is 0.35, and annualized covariance runs at 11321.7 %².
Within AIOS's tracked universe of 14 assets, EDSA comes in at #4 by 3-year correlation. The last year tells two different stories: EDSA led by 170.3 percentage points, -78.6% for AIOS against +91.7% for EDSA.
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.
AIOS vs EDSA: side by side
| AIOS (AIOS Tech Inc. - Class A) | EDSA (Edesa Biotech, Inc.) | |
|---|---|---|
| 1-year return | -78.6% | +91.7% |
| 5-year return | -99.1% | -87.4% |
| Volatility (ann.) | 153.4% | 190.4% |
| Beta vs S&P 500 | 1.61 | -0.03 |
| Max drawdown (3Y) | -98.1% | -87.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIOS | EDSA |
|---|---|---|
| 2022 | -82.2% | -61.6% |
| 2023 | -29.8% | -69.8% |
| 2024 | +67.7% | -63.2% |
| 2025 | -84.1% | -15.5% |
| 2026 | -21.6% | +223.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOS and EDSA good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIOS and EDSA?
As of 2026-08-27, the correlation of weekly returns between AIOS and EDSA is 0.39 over 3 years, 0.50 over 1 year and 0.35 over 5 years.
Is EDSA a good diversifier for AIOS?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/aios-vs-edsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aios-vs-edsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIOS correlations · EDSA correlations
