AVBP vs OST: Correlation
How closely do ArriVent BioPharma, Inc. (AVBP) and Ostin Technology Group Co., Ltd. - Class A (OST) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and OST?
Across a 3-year window, the weekly returns of AVBP and OST correlate at 0.31, moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.31). Stretching to 5 years gives n/a, with an annualized covariance of 1867.3 %².
By 3-year correlation, OST places #12 of the 17 assets tracked against AVBP. Their recent paths diverged sharply: over the last 12 months AVBP outperformed by 74.0 percentage points (+61.4% for AVBP against -12.6% for OST). Note the risk asymmetry: OST runs 2.2 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.
AVBP vs OST: side by side
| AVBP (ArriVent BioPharma, Inc.) | OST (Ostin Technology Group Co., Ltd. - Class A) | |
|---|---|---|
| 1-year return | +61.4% | -12.6% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 52.7% | 115.4% |
| Beta vs S&P 500 | 1.06 | 0.39 |
| Max drawdown (3Y) | -54.3% | -99.4% |
| 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 | OST |
|---|---|---|
| 2023 | – | -17.4% |
| 2024 | – | -65.7% |
| 2025 | -24.5% | -97.5% |
| 2026 | +54.1% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and OST good diversifiers for each other?
Reasonably. At 0.31, AVBP and OST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVBP and OST?
As of 2026-08-27, the correlation of weekly returns between AVBP and OST is 0.31 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is OST a good diversifier for AVBP?
Reasonably. At 0.31, AVBP and OST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avbp-vs-ost.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avbp-vs-ost/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVBP correlations · OST correlations
