AURE vs RANI: Correlation
How closely do Aurelion Inc. - Class A (AURE) and Rani Therapeutics Holdings, Inc. (RANI) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AURE and RANI?
Over the past 3 years, AURE and RANI moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4660.2 %².
RANI is close to the least connected end of AURE's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months RANI outperformed by 120.2 percentage points (-68.5% for AURE against +51.7% for RANI). Note the risk asymmetry: RANI runs 1.5 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.
AURE vs RANI: side by side
| AURE (Aurelion Inc. - Class A) | RANI (Rani Therapeutics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -68.5% | +51.7% |
| 5-year return | n/a | -95.2% |
| Volatility (ann.) | 112.7% | 174.6% |
| Beta vs S&P 500 | 0.59 | 1.62 |
| Max drawdown (3Y) | -97.8% | -94.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AURE | RANI |
|---|---|---|
| 2022 | – | -63.9% |
| 2023 | – | -43.7% |
| 2024 | -38.1% | -58.7% |
| 2025 | -80.8% | -1.5% |
| 2026 | -35.2% | -36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AURE and RANI good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AURE and RANI?
As of 2026-08-27, the correlation of weekly returns between AURE and RANI is -0.24 over 3 years, -0.44 over 1 year and n/a over 5 years.
Is RANI a good diversifier for AURE?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: AURE correlations · RANI correlations
