ANGO vs IDAI: Correlation
AngioDynamics, Inc. (ANGO) and T Stamp Inc. (IDAI) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGO and IDAI?
Over the past 3 years, ANGO and IDAI moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.02) than the 3-year average (0.37). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 9399.5 %².
By 3-year correlation, IDAI places #4 of the 11 assets tracked against ANGO. Their recent paths diverged sharply: over the last 12 months ANGO outperformed by 42.1 percentage points (+57.6% for ANGO against +15.5% for IDAI). One caveat on sizing: IDAI is 10.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ANGO vs IDAI: side by side
| ANGO (AngioDynamics, Inc.) | IDAI (T Stamp Inc.) | |
|---|---|---|
| 1-year return | +57.6% | +15.5% |
| 5-year return | -44.6% | -76.5% |
| Volatility (ann.) | 50.1% | 505.7% |
| Beta vs S&P 500 | 0.26 | -1.01 |
| Max drawdown (3Y) | -37.3% | -92.9% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGO | IDAI |
|---|---|---|
| 2022 | -50.1% | -88.0% |
| 2023 | -43.1% | -43.0% |
| 2024 | +16.8% | -35.5% |
| 2025 | +40.2% | +342.8% |
| 2026 | +22.9% | -14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGO and IDAI good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANGO and IDAI?
The ANGO/IDAI correlation stands at 0.37 on a 3-year window (1 year: 0.02, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is IDAI a good diversifier for ANGO?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/ango-vs-idai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ango-vs-idai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANGO correlations · IDAI correlations
