CHAI vs EDBL: Correlation
Core AI Holdings, Inc. (CHAI) and Edible Garden AG Incorporated (EDBL) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHAI and EDBL?
Over the past 3 years, CHAI and EDBL moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 8009.2 %².
In CHAI's tracked universe of 11 assets, EDBL sits right near the top at #2. Their 12-month results are close: -97.9% for CHAI against -99.8% for EDBL.
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.
CHAI vs EDBL: side by side
| CHAI (Core AI Holdings, Inc.) | EDBL (Edible Garden AG Incorporated) | |
|---|---|---|
| 1-year return | -97.9% | -99.8% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 153.8% | 136.5% |
| Beta vs S&P 500 | 0.95 | 1.62 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHAI | EDBL |
|---|---|---|
| 2022 | -95.9% | – |
| 2023 | -96.1% | -92.0% |
| 2024 | -99.2% | -96.8% |
| 2025 | -93.3% | -92.4% |
| 2026 | -84.4% | -99.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHAI and EDBL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHAI and EDBL?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.33 over the last year and 0.32 over 5 years.
Is EDBL a good diversifier for CHAI?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chai-vs-edbl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chai-vs-edbl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHAI correlations · EDBL correlations
