DUKR vs EDSA: Correlation
How closely do DUKE Robotics Corp. (DUKR) and Edesa Biotech, Inc. (EDSA) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUKR and EDSA?
Over the past 3 years, DUKR and EDSA moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 157032.8 %².
Among the 10 assets we track against DUKR, EDSA ranks #5 by 3-year correlation. The last year tells two different stories: DUKR led by 1672.7 percentage points, +1764.4% for DUKR against +91.7% for EDSA. One caveat on sizing: DUKR is 7.4 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.
DUKR vs EDSA: side by side
| DUKR (DUKE Robotics Corp.) | EDSA (Edesa Biotech, Inc.) | |
|---|---|---|
| 1-year return | +1764.4% | +91.7% |
| 5-year return | +1517.6% | -87.4% |
| Volatility (ann.) | 1413.7% | 190.4% |
| Beta vs S&P 500 | -9.42 | -0.03 |
| Max drawdown (3Y) | -74.1% | -87.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUKR | EDSA |
|---|---|---|
| 2022 | -45.5% | -61.6% |
| 2023 | -16.7% | -69.8% |
| 2024 | +50.0% | -63.2% |
| 2025 | +63.3% | -15.5% |
| 2026 | +2144.9% | +223.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUKR and EDSA good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DUKR and EDSA?
The DUKR/EDSA correlation stands at 0.58 on a 3-year window (1 year: 0.62, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is EDSA a good diversifier for DUKR?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/dukr-vs-edsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dukr-vs-edsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DUKR correlations · EDSA correlations
