DWTX vs EDU: Correlation
Measured on weekly returns over the past three years, Dogwood Therapeutics, Inc. (DWTX) and New Oriental Education & Technology Group, Inc. Sponsored (EDU) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and EDU?
Over the past 3 years, DWTX and EDU moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.16) runs above the 3-year figure (-0.29). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -4006.7 %².
Out of 18 assets tracked against DWTX, EDU lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with EDU ahead by 75.1 points (-50.1% versus +25.0%). One caveat on sizing: DWTX is 7.3 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.
DWTX vs EDU: side by side
| DWTX (Dogwood Therapeutics, Inc.) | EDU (New Oriental Education & Technology Group, Inc. Sponsored) | |
|---|---|---|
| 1-year return | -50.1% | +25.0% |
| 5-year return | -98.2% | +163.1% |
| Volatility (ann.) | 314.7% | 43.3% |
| Beta vs S&P 500 | 2.56 | 0.53 |
| Max drawdown (3Y) | -95.6% | -56.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 1.2 | 19.2 |
| Dividend yield | 0.00% | 2.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWTX | EDU |
|---|---|---|
| 2022 | -95.4% | +65.8% |
| 2023 | +143.6% | +110.5% |
| 2024 | -82.7% | -11.5% |
| 2025 | +67.1% | -14.3% |
| 2026 | -44.2% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and EDU good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between DWTX and EDU?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with 0.16 over the last year and -0.14 over 5 years.
Is EDU a good diversifier for DWTX?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/dwtx-vs-edu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dwtx-vs-edu/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DWTX correlations · EDU correlations
