APVO vs KGEI: Correlation
How closely do Aptevo Therapeutics Inc. (APVO) and Kolibri Global Energy Inc. (KGEI) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APVO and KGEI?
Across a 3-year window, the weekly returns of APVO and KGEI correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -1343.6 %².
Among the 12 assets we track against APVO, KGEI sits near the bottom by co-movement, at rank #9. The last year tells two different stories: KGEI led by 98.1 percentage points, -92.5% for APVO against +5.6% for KGEI. Risk is not evenly split, since APVO carries 2.4 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.
APVO vs KGEI: side by side
| APVO (Aptevo Therapeutics Inc.) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | -92.5% | +5.6% |
| 5-year return | -100.0% | +631.2% |
| Volatility (ann.) | 121.4% | 51.1% |
| Beta vs S&P 500 | 0.17 | 0.13 |
| Max drawdown (3Y) | -100.0% | -64.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | 0.0 | 10.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APVO | KGEI |
|---|---|---|
| 2022 | -70.5% | +391.7% |
| 2023 | -92.2% | +27.1% |
| 2024 | -98.5% | +41.9% |
| 2025 | -99.4% | -26.1% |
| 2026 | -74.3% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APVO and KGEI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APVO and KGEI?
The APVO/KGEI correlation stands at -0.22 on a 3-year window (1 year: -0.30, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is KGEI a good diversifier for APVO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apvo-vs-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apvo-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APVO correlations · KGEI correlations
