ALLO vs KYNB: Correlation
How closely do Allogene Therapeutics, Inc. (ALLO) and Kyntra Bio, Inc. (KYNB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and KYNB?
Across a 3-year window, the weekly returns of ALLO and KYNB correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.11 versus 0.44 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 4563.2 %².
Among the 21 assets we track against ALLO, KYNB ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALLO ahead by 103.9 points (+80.2% versus -23.7%).
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.
ALLO vs KYNB: side by side
| ALLO (Allogene Therapeutics, Inc.) | KYNB (Kyntra Bio, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | -23.7% |
| 5-year return | -91.3% | -97.2% |
| Volatility (ann.) | 83.3% | 123.9% |
| Beta vs S&P 500 | 1.96 | 1.81 |
| Max drawdown (3Y) | -83.1% | -92.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | KYNB |
|---|---|---|
| 2022 | -57.8% | +13.6% |
| 2023 | -49.0% | -94.5% |
| 2024 | -33.6% | -40.2% |
| 2025 | -35.7% | -33.7% |
| 2026 | +52.6% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and KYNB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALLO and KYNB?
As of 2026-08-27, the correlation of weekly returns between ALLO and KYNB is 0.44 over 3 years, -0.11 over 1 year and 0.34 over 5 years.
Is KYNB a good diversifier for ALLO?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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: ALLO correlations · KYNB correlations
