ARTL vs STC: Correlation
Measured on weekly returns over the past three years, Artelo Biosciences, Inc. (ARTL) and Stewart Information Services Corporation (STC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTL and STC?
Across a 3-year window, the weekly returns of ARTL and STC correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.24 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -964.3 %².
Among the 21 assets we track against ARTL, STC sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months STC outperformed by 96.1 percentage points (-97.6% for ARTL against -1.5% for STC). Note the risk asymmetry: ARTL runs 4.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARTL vs STC: side by side
| ARTL (Artelo Biosciences, Inc.) | STC (Stewart Information Services Corporation) | |
|---|---|---|
| 1-year return | -97.6% | -1.5% |
| 5-year return | -99.7% | +29.2% |
| Volatility (ann.) | 136.9% | 28.9% |
| Beta vs S&P 500 | -0.54 | 0.74 |
| Max drawdown (3Y) | -99.2% | -24.7% |
| Market cap | – | $2.1B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 0.00% | 3.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTL | STC |
|---|---|---|
| 2022 | -62.9% | -44.6% |
| 2023 | -51.6% | +43.3% |
| 2024 | -24.3% | +18.2% |
| 2025 | -80.8% | +7.2% |
| 2026 | -81.9% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTL and STC good diversifiers for each other?
Yes. With a correlation of -0.24, ARTL and STC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARTL and STC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.40 over the last year and -0.12 over 5 years.
Is STC a good diversifier for ARTL?
Yes. With a correlation of -0.24, ARTL and STC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/artl-vs-stc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artl-vs-stc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARTL correlations · STC correlations
