AVBP vs KPRX: Correlation
How closely do ArriVent BioPharma, Inc. (AVBP) and Kiora Pharmaceuticals, Inc. (KPRX) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and KPRX?
On 3 years of weekly data the AVBP/KPRX correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.36 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 1204.0 %².
Among the 17 assets we track against AVBP, KPRX ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVBP ahead by 68.4 points (+61.4% versus -7.0%).
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 KPRX: side by side
| AVBP (ArriVent BioPharma, Inc.) | KPRX (Kiora Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +61.4% | -7.0% |
| 5-year return | n/a | -99.6% |
| Volatility (ann.) | 52.7% | 60.9% |
| Beta vs S&P 500 | 1.06 | 1.09 |
| Max drawdown (3Y) | -54.3% | -76.5% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | KPRX |
|---|---|---|
| 2022 | – | -94.3% |
| 2023 | – | -84.8% |
| 2024 | – | -29.8% |
| 2025 | -24.5% | -40.3% |
| 2026 | +54.1% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and KPRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVBP and KPRX?
The AVBP/KPRX correlation stands at 0.36 on a 3-year window (1 year: 0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KPRX a good diversifier for AVBP?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-kprx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avbp-vs-kprx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVBP correlations · KPRX correlations
