EDBL vs SEI: Correlation
Measured on weekly returns over the past three years, Edible Garden AG Incorporated (EDBL) and Solaris Energy Infrastructure, Inc. (SEI) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDBL and SEI?
Over the past 3 years, EDBL and SEI moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.35). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 3497.5 %².
Within EDBL's tracked universe of 10 assets, SEI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SEI outperformed by 180.0 percentage points (-99.8% for EDBL against +80.2% for SEI). Note the risk asymmetry: EDBL runs 1.9 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.
EDBL vs SEI: side by side
| EDBL (Edible Garden AG Incorporated) | SEI (Solaris Energy Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | -99.8% | +80.2% |
| 5-year return | -100.0% | +759.3% |
| Volatility (ann.) | 136.5% | 72.5% |
| Beta vs S&P 500 | 1.62 | 1.79 |
| Max drawdown (3Y) | -100.0% | -55.4% |
| Market cap | – | $5.3B |
| P/E (trailing) | – | 66.1 |
| Dividend yield | 0.00% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDBL | SEI |
|---|---|---|
| 2022 | – | +57.5% |
| 2023 | -92.0% | -15.7% |
| 2024 | -96.8% | +277.7% |
| 2025 | -92.4% | +62.3% |
| 2026 | -99.5% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDBL and SEI good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EDBL and SEI?
The EDBL/SEI correlation stands at 0.35 on a 3-year window (1 year: 0.22, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is SEI a good diversifier for EDBL?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/edbl-vs-sei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edbl-vs-sei/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EDBL correlations · SEI correlations
