EBS vs TEM: Correlation
Emergent BioSolutions Inc. (EBS) and Tempus AI, Inc. (TEM) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBS and TEM?
On 3 years of weekly data the EBS/TEM correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.44 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 4748.1 %².
Within EBS's tracked universe of 15 assets, TEM comes in at #5 by 3-year correlation. The last year tells two different stories: TEM led by 27.3 percentage points, -30.8% for EBS against -3.5% for TEM.
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.
EBS vs TEM: side by side
| EBS (Emergent BioSolutions Inc.) | TEM (Tempus AI, Inc.) | |
|---|---|---|
| 1-year return | -30.8% | -3.5% |
| 5-year return | -90.7% | n/a |
| Volatility (ann.) | 122.0% | 104.7% |
| Beta vs S&P 500 | 2.69 | 3.25 |
| Max drawdown (3Y) | -71.2% | -59.8% |
| Market cap | $0.3B | $12.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBS | TEM |
|---|---|---|
| 2022 | -72.8% | – |
| 2023 | -79.7% | – |
| 2024 | +298.3% | – |
| 2025 | +29.3% | +74.9% |
| 2026 | -51.9% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBS and TEM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EBS and TEM?
As of 2026-08-27, the correlation of weekly returns between EBS and TEM is 0.44 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is TEM a good diversifier for EBS?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/ebs-vs-tem.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: EBS correlations · TEM correlations
