BYSI vs NIKI: Correlation
Measured on weekly returns over the past three years, BeyondSpring, Inc. (BYSI) and Niki BioSolutions, Inc. (NIKI) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYSI and NIKI?
On 3 years of weekly data the BYSI/NIKI correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.45 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 10358.0 %².
In BYSI's tracked universe of 12 assets, NIKI sits right near the top at #2. Their 12-month results are close: -64.8% for BYSI against -66.5% for NIKI. Risk is not evenly split, since NIKI carries 2.2 times the volatility of the other side.
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.
BYSI vs NIKI: side by side
| BYSI (BeyondSpring, Inc.) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | -64.8% | -66.5% |
| 5-year return | -97.7% | -97.1% |
| Volatility (ann.) | 101.3% | 227.3% |
| Beta vs S&P 500 | 0.29 | 0.93 |
| Max drawdown (3Y) | -82.4% | -94.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYSI | NIKI |
|---|---|---|
| 2022 | -58.5% | -63.3% |
| 2023 | -52.1% | -55.5% |
| 2024 | +81.1% | +14.3% |
| 2025 | +0.0% | -62.1% |
| 2026 | -60.7% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYSI and NIKI good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BYSI and NIKI?
As of 2026-08-27, the correlation of weekly returns between BYSI and NIKI is 0.45 over 3 years, 0.07 over 1 year and 0.24 over 5 years.
Is NIKI a good diversifier for BYSI?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/bysi-vs-niki.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bysi-vs-niki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BYSI correlations · NIKI correlations
