CHAI vs URGN: Correlation
Measured on weekly returns over the past three years, Core AI Holdings, Inc. (CHAI) and UroGen Pharma Ltd. (URGN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHAI and URGN?
On 3 years of weekly data the CHAI/URGN correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.08) than the 3-year average (-0.22). The 5-year figure is -0.12, and annualized covariance runs at -2919.0 %².
Among the 11 assets we track against CHAI, URGN sits near the bottom by co-movement, at rank #10. The last year tells two different stories: URGN led by 230.8 percentage points, -97.9% for CHAI against +132.9% for URGN. One caveat on sizing: CHAI is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 URGN: side by side
| CHAI (Core AI Holdings, Inc.) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -97.9% | +132.9% |
| 5-year return | -100.0% | +157.5% |
| Volatility (ann.) | 153.8% | 88.1% |
| Beta vs S&P 500 | 0.95 | 1.29 |
| Max drawdown (3Y) | -100.0% | -79.7% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHAI | URGN |
|---|---|---|
| 2022 | -95.9% | -6.7% |
| 2023 | -96.1% | +69.1% |
| 2024 | -99.2% | -29.0% |
| 2025 | -93.3% | +119.9% |
| 2026 | -84.4% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHAI and URGN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHAI and URGN?
The CHAI/URGN correlation stands at -0.22 on a 3-year window (1 year: 0.08, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is URGN a good diversifier for CHAI?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/chai-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chai-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHAI correlations · URGN correlations
