BURL vs KTTA: Correlation
Measured on weekly returns over the past three years, Burlington Stores, Inc. (BURL) and Pasithea Therapeutics Corp. (KTTA) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BURL and KTTA?
On 3 years of weekly data the BURL/KTTA correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.24 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -2266.8 %².
KTTA is close to the least connected end of BURL's tracked universe, ranking #12 of 14. The last year tells two different stories: BURL led by 29.9 percentage points, +3.5% for BURL against -26.4% for KTTA. Note the risk asymmetry: KTTA runs 6.4 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.
BURL vs KTTA: side by side
| BURL (Burlington Stores, Inc.) | KTTA (Pasithea Therapeutics Corp.) | |
|---|---|---|
| 1-year return | +3.5% | -26.4% |
| 5-year return | -3.9% | -99.2% |
| Volatility (ann.) | 38.7% | 248.1% |
| Beta vs S&P 500 | 0.87 | 3.29 |
| Max drawdown (3Y) | -28.4% | -97.6% |
| Market cap | $18.3B | – |
| P/E (trailing) | 32.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BURL | KTTA |
|---|---|---|
| 2022 | -30.4% | -63.7% |
| 2023 | -4.1% | -42.4% |
| 2024 | +46.6% | -57.4% |
| 2025 | +1.3% | -59.0% |
| 2026 | +0.4% | -57.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BURL and KTTA 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 BURL and KTTA?
The BURL/KTTA correlation stands at -0.24 on a 3-year window (1 year: -0.49, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is KTTA a good diversifier for BURL?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/burl-vs-ktta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/burl-vs-ktta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BURL correlations · KTTA correlations
