BYSI vs SNDA: Correlation
Measured on weekly returns over the past three years, BeyondSpring, Inc. (BYSI) and Sonida Senior Living, Inc. (SNDA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYSI and SNDA?
Across a 3-year window, the weekly returns of BYSI and SNDA correlate at 0.37, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.37). Stretching to 5 years gives 0.09, with an annualized covariance of 2277.8 %².
By 3-year correlation, SNDA places #5 of the 12 assets tracked against BYSI. Correlation aside, the last 12 months split them widely, with SNDA ahead by 113.8 points (-64.8% versus +49.0%). Risk is not evenly split, since BYSI carries 1.7 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 SNDA: side by side
| BYSI (BeyondSpring, Inc.) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | -64.8% | +49.0% |
| 5-year return | -97.7% | +6.6% |
| Volatility (ann.) | 101.3% | 61.1% |
| Beta vs S&P 500 | 0.29 | 0.66 |
| Max drawdown (3Y) | -82.4% | -41.0% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYSI | SNDA |
|---|---|---|
| 2022 | -58.5% | -56.1% |
| 2023 | -52.1% | -22.7% |
| 2024 | +81.1% | +138.9% |
| 2025 | +0.0% | +41.3% |
| 2026 | -60.7% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYSI and SNDA good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BYSI and SNDA?
The BYSI/SNDA correlation stands at 0.37 on a 3-year window (1 year: 0.11, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is SNDA a good diversifier for BYSI?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/bysi-vs-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bysi-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BYSI correlations · SNDA correlations
