COUR vs TKNO: Correlation
How closely do Coursera, Inc. (COUR) and Alpha Teknova, Inc. (TKNO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COUR and TKNO?
Across a 3-year window, the weekly returns of COUR and TKNO correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 2887.8 %².
By 3-year correlation, TKNO places #4 of the 14 assets tracked against COUR. The last year tells two different stories: TKNO led by 107.8 percentage points, -43.5% for COUR against +64.3% for TKNO. Note the risk asymmetry: TKNO runs 1.8 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.
COUR vs TKNO: side by side
| COUR (Coursera, Inc.) | TKNO (Alpha Teknova, Inc.) | |
|---|---|---|
| 1-year return | -43.5% | +64.3% |
| 5-year return | -83.3% | -61.5% |
| Volatility (ann.) | 58.8% | 107.9% |
| Beta vs S&P 500 | 1.14 | 1.10 |
| Max drawdown (3Y) | -75.8% | -79.6% |
| Market cap | $1.8B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COUR | TKNO |
|---|---|---|
| 2022 | -51.6% | -72.5% |
| 2023 | +63.7% | -33.9% |
| 2024 | -56.1% | +123.9% |
| 2025 | -13.4% | -54.5% |
| 2026 | -13.2% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COUR and TKNO good diversifiers for each other?
Reasonably. At 0.46, COUR and TKNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COUR and TKNO?
The COUR/TKNO correlation stands at 0.46 on a 3-year window (1 year: 0.37, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is TKNO a good diversifier for COUR?
Reasonably. At 0.46, COUR and TKNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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
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Related comparisons
Hubs: COUR correlations · TKNO correlations
