ARBB vs SSM: Correlation
Measured on weekly returns over the past three years, ARB IOT Group Limited (ARBB) and Sono Group N.V. (SSM) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBB and SSM?
Over the past 3 years, ARBB and SSM moved with a correlation of 0.55, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.55 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 111115.2 %².
Few assets follow ARBB as closely as SSM, which ranks #2 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with ARBB ahead by 51.3 points (+0.8% versus -50.5%). One caveat on sizing: SSM is 7.2 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.
ARBB vs SSM: side by side
| ARBB (ARB IOT Group Limited) | SSM (Sono Group N.V.) | |
|---|---|---|
| 1-year return | +0.8% | -50.5% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 167.6% | 1204.8% |
| Beta vs S&P 500 | 0.32 | 0.56 |
| Max drawdown (3Y) | -90.3% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARBB | SSM |
|---|---|---|
| 2022 | – | -89.8% |
| 2023 | – | -93.9% |
| 2024 | -80.7% | -16.7% |
| 2025 | -21.7% | +86.7% |
| 2026 | -26.0% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBB and SSM good diversifiers for each other?
Only partially. A correlation of 0.55 means ARBB and SSM 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 ARBB and SSM?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is SSM a good diversifier for ARBB?
Only partially. A correlation of 0.55 means ARBB and SSM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/arbb-vs-ssm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arbb-vs-ssm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARBB correlations · SSM correlations
