BOLT vs HUDI: Correlation
How closely do Bolt Biotherapeutics, Inc. (BOLT) and Huadi International Group Co., Ltd. (HUDI) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOLT and HUDI?
On 3 years of weekly data the BOLT/HUDI correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.19). The 5-year figure is -0.05, and annualized covariance runs at -636.8 %².
Among the 12 assets we track against BOLT, HUDI sits near the bottom by co-movement, at rank #8. The trailing year gives BOLT the advantage: -25.2% versus -39.0%, a 13.8-point spread.
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.
BOLT vs HUDI: side by side
| BOLT (Bolt Biotherapeutics, Inc.) | HUDI (Huadi International Group Co., Ltd.) | |
|---|---|---|
| 1-year return | -25.2% | -39.0% |
| 5-year return | -98.8% | -78.4% |
| Volatility (ann.) | 58.4% | 56.1% |
| Beta vs S&P 500 | 0.45 | 0.78 |
| Max drawdown (3Y) | -89.4% | -83.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOLT | HUDI |
|---|---|---|
| 2022 | -73.5% | -84.1% |
| 2023 | -13.8% | -40.2% |
| 2024 | -52.2% | -42.9% |
| 2025 | -48.9% | -35.4% |
| 2026 | -26.8% | -24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOLT and HUDI good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BOLT and HUDI?
The BOLT/HUDI correlation stands at -0.19 on a 3-year window (1 year: -0.32, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is HUDI a good diversifier for BOLT?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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: BOLT correlations · HUDI correlations
