AQST vs VANI: Correlation
Aquestive Therapeutics, Inc. (AQST) and Vivani Medical, Inc. (VANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQST and VANI?
On 3 years of weekly data the AQST/VANI correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.41 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 4309.4 %².
In AQST's tracked universe of 11 assets, VANI sits right near the top at #1. The last year tells two different stories: AQST led by 19.2 percentage points, +34.0% for AQST against +14.8% for VANI.
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.
AQST vs VANI: side by side
| AQST (Aquestive Therapeutics, Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +34.0% | +14.8% |
| 5-year return | +10.7% | -87.4% |
| Volatility (ann.) | 85.7% | 123.8% |
| Beta vs S&P 500 | 0.87 | 1.29 |
| Max drawdown (3Y) | -63.5% | -77.8% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQST | VANI |
|---|---|---|
| 2022 | -76.8% | -82.6% |
| 2023 | +123.9% | +20.0% |
| 2024 | +76.2% | +13.7% |
| 2025 | +81.5% | +6.0% |
| 2026 | -20.1% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQST and VANI good diversifiers for each other?
Reasonably. At 0.41, AQST and VANI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AQST and VANI?
The AQST/VANI correlation stands at 0.41 on a 3-year window (1 year: 0.17, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for AQST?
Reasonably. At 0.41, AQST and VANI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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.
Use this data
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Related comparisons
Hubs: AQST correlations · VANI correlations
