APGE vs NIKI: Correlation
Apogee Therapeutics, Inc. (APGE) and Niki BioSolutions, Inc. (NIKI) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APGE and NIKI?
Over the past 3 years, APGE and NIKI moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (0.54). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 10077.3 %².
Few assets follow APGE as closely as NIKI, which ranks #1 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with APGE ahead by 323.6 points (+257.1% versus -66.5%). Risk is not evenly split, since NIKI carries 2.8 times the volatility of the other side.
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.
APGE vs NIKI: side by side
| APGE (Apogee Therapeutics, Inc.) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | +257.1% | -66.5% |
| 5-year return | n/a | -97.1% |
| Volatility (ann.) | 82.6% | 227.3% |
| Beta vs S&P 500 | 1.06 | 0.93 |
| Max drawdown (3Y) | -58.8% | -94.8% |
| Market cap | $10.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APGE | NIKI |
|---|---|---|
| 2022 | – | -63.3% |
| 2023 | – | -55.5% |
| 2024 | +62.1% | +14.3% |
| 2025 | +66.6% | -62.1% |
| 2026 | +78.8% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APGE and NIKI good diversifiers for each other?
Only partially. A correlation of 0.54 means APGE and NIKI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APGE and NIKI?
The APGE/NIKI correlation stands at 0.54 on a 3-year window (1 year: -0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NIKI a good diversifier for APGE?
Only partially. A correlation of 0.54 means APGE and NIKI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/apge-vs-niki.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apge-vs-niki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APGE correlations · NIKI correlations
