ARTV vs RANI: Correlation
Artiva Biotherapeutics, Inc. (ARTV) and Rani Therapeutics Holdings, Inc. (RANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and RANI?
On 3 years of weekly data the ARTV/RANI correlation comes out at 0.59, moderate. The link has tightened recently: the 1-year correlation (0.71) runs above the 3-year figure (0.59). The 5-year figure is n/a, and annualized covariance runs at 16955.3 %².
RANI is one of the assets that tracks ARTV most closely: it ranks #1 out of the 19 assets we track against ARTV. The last year tells two different stories: ARTV led by 213.4 percentage points, +265.1% for ARTV against +51.7% for RANI.
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.
ARTV vs RANI: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | RANI (Rani Therapeutics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +265.1% | +51.7% |
| 5-year return | n/a | -95.2% |
| Volatility (ann.) | 145.0% | 174.6% |
| Beta vs S&P 500 | 2.62 | 1.62 |
| Max drawdown (3Y) | -90.7% | -94.8% |
| 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 | ARTV | RANI |
|---|---|---|
| 2022 | – | -63.9% |
| 2023 | – | -43.7% |
| 2024 | – | -58.7% |
| 2025 | -57.4% | -1.5% |
| 2026 | +178.3% | -36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and RANI good diversifiers for each other?
Only partially. A correlation of 0.59 means ARTV and RANI 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 ARTV and RANI?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.71 over the last year and n/a over 5 years.
Is RANI a good diversifier for ARTV?
Only partially. A correlation of 0.59 means ARTV and RANI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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/artv-vs-rani.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARTV correlations · RANI correlations
