AMLX vs NIKI: Correlation
Measured on weekly returns over the past three years, Amylyx Pharmaceuticals, Inc. (AMLX) and Niki BioSolutions, Inc. (NIKI) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMLX and NIKI?
On 3 years of weekly data the AMLX/NIKI correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.33 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -7362.4 %².
Out of 17 assets tracked against AMLX, NIKI lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with AMLX ahead by 359.9 points (+293.4% versus -66.5%). Note the risk asymmetry: NIKI runs 2.3 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.
AMLX vs NIKI: side by side
| AMLX (Amylyx Pharmaceuticals, Inc.) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | +293.4% | -66.5% |
| 5-year return | +105.8% | -97.1% |
| Volatility (ann.) | 97.8% | 227.3% |
| Beta vs S&P 500 | 1.29 | 0.93 |
| Max drawdown (3Y) | -92.6% | -94.8% |
| Market cap | $4.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMLX | NIKI |
|---|---|---|
| 2022 | – | -63.3% |
| 2023 | -60.2% | -55.5% |
| 2024 | -74.3% | +14.3% |
| 2025 | +219.6% | -62.1% |
| 2026 | +207.8% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMLX and NIKI good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMLX and NIKI?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.03 over the last year and -0.25 over 5 years.
Is NIKI a good diversifier for AMLX?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
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/amlx-vs-niki.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amlx-vs-niki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMLX correlations · NIKI correlations
