AMST vs SVRN: Correlation
Measured on weekly returns over the past three years, Amesite Inc. (AMST) and OceanPal Inc. (SVRN) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMST and SVRN?
Across a 3-year window, the weekly returns of AMST and SVRN correlate at 0.41, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.41). Stretching to 5 years gives 0.29, with an annualized covariance of 7987.4 %².
Within AMST's tracked universe of 15 assets, SVRN comes in at #7 by 3-year correlation. The trailing year gives AMST the advantage: -59.8% versus -72.2%, a 12.4-point spread.
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.
AMST vs SVRN: side by side
| AMST (Amesite Inc.) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | -59.8% | -72.2% |
| 5-year return | -95.5% | -100.0% |
| Volatility (ann.) | 125.5% | 153.9% |
| Beta vs S&P 500 | 1.09 | 0.71 |
| Max drawdown (3Y) | -84.6% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMST | SVRN |
|---|---|---|
| 2022 | -83.0% | -99.4% |
| 2023 | +7.1% | -90.0% |
| 2024 | +111.1% | -48.0% |
| 2025 | -60.2% | -96.3% |
| 2026 | -42.3% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMST and SVRN good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMST and SVRN?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.72 over the last year and 0.29 over 5 years.
Is SVRN a good diversifier for AMST?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: AMST correlations · SVRN correlations
