EDIT vs TAOX: Correlation
How closely do Editas Medicine, Inc. (EDIT) and Tao Synergies Inc. (TAOX) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDIT and TAOX?
On 3 years of weekly data the EDIT/TAOX correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 3084.0 %².
By 3-year correlation, TAOX places #17 of the 22 assets tracked against EDIT. The last year tells two different stories: EDIT led by 61.8 percentage points, +23.6% for EDIT against -38.2% for TAOX.
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.
EDIT vs TAOX: side by side
| EDIT (Editas Medicine, Inc.) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | +23.6% | -38.2% |
| 5-year return | -94.7% | -97.5% |
| Volatility (ann.) | 86.8% | 92.9% |
| Beta vs S&P 500 | 2.56 | 1.78 |
| Max drawdown (3Y) | -91.2% | -84.6% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDIT | TAOX |
|---|---|---|
| 2022 | -66.6% | -86.4% |
| 2023 | +14.2% | -76.6% |
| 2024 | -87.5% | -49.0% |
| 2025 | +61.4% | +6.1% |
| 2026 | +61.0% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDIT and TAOX good diversifiers for each other?
Reasonably. At 0.38, EDIT and TAOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EDIT and TAOX?
The EDIT/TAOX correlation stands at 0.38 on a 3-year window (1 year: 0.32, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is TAOX a good diversifier for EDIT?
Reasonably. At 0.38, EDIT and TAOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/edit-vs-taox.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: EDIT correlations · TAOX correlations
