ATOS vs RDW: Correlation
Atossa Therapeutics, Inc. (ATOS) and Redwire Corporation (RDW) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATOS and RDW?
On 3 years of weekly data the ATOS/RDW correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.44 over 3. The 5-year figure is 0.40, and annualized covariance runs at 3284.4 %².
Within ATOS's tracked universe of 14 assets, RDW comes in at #4 by 3-year correlation. The last year tells two different stories: RDW led by 102.2 percentage points, -76.8% for ATOS against +25.4% for RDW.
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.
ATOS vs RDW: side by side
| ATOS (Atossa Therapeutics, Inc.) | RDW (Redwire Corporation) | |
|---|---|---|
| 1-year return | -76.8% | +25.4% |
| 5-year return | -95.0% | +12.9% |
| Volatility (ann.) | 73.3% | 101.5% |
| Beta vs S&P 500 | 1.97 | 3.01 |
| Max drawdown (3Y) | -94.4% | -80.3% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATOS | RDW |
|---|---|---|
| 2022 | -66.9% | -70.7% |
| 2023 | +66.0% | +43.9% |
| 2024 | +6.8% | +477.5% |
| 2025 | -37.2% | -53.8% |
| 2026 | -70.2% | +48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATOS and RDW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATOS and RDW?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.46 over the last year and 0.40 over 5 years.
Is RDW a good diversifier for ATOS?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ATOS correlations · RDW correlations
