AVBP vs DNLI: Correlation
ArriVent BioPharma, Inc. (AVBP) and Denali Therapeutics Inc. (DNLI) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and DNLI?
Across a 3-year window, the weekly returns of AVBP and DNLI correlate at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.48). Stretching to 5 years gives n/a, with an annualized covariance of 1462.0 %².
DNLI is one of the assets that tracks AVBP most closely: it ranks #2 out of the 17 assets we track against AVBP. Neither side won the trailing year by much: +61.4% against +58.1%.
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.
AVBP vs DNLI: side by side
| AVBP (ArriVent BioPharma, Inc.) | DNLI (Denali Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +61.4% | +58.1% |
| 5-year return | n/a | -53.4% |
| Volatility (ann.) | 52.7% | 60.6% |
| Beta vs S&P 500 | 1.06 | 2.02 |
| Max drawdown (3Y) | -54.3% | -63.7% |
| Market cap | $1.5B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | DNLI |
|---|---|---|
| 2022 | – | -37.6% |
| 2023 | – | -22.8% |
| 2024 | – | -5.0% |
| 2025 | -24.5% | -19.0% |
| 2026 | +54.1% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and DNLI good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVBP and DNLI?
As of 2026-08-27, the correlation of weekly returns between AVBP and DNLI is 0.48 over 3 years, 0.61 over 1 year and n/a over 5 years.
Is DNLI a good diversifier for AVBP?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/avbp-vs-dnli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avbp-vs-dnli/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVBP correlations · DNLI correlations
