EDSA vs PRSO: Correlation
Measured on weekly returns over the past three years, Edesa Biotech, Inc. (EDSA) and Peraso Inc. (PRSO) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDSA and PRSO?
Across a 3-year window, the weekly returns of EDSA and PRSO correlate at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.40). Stretching to 5 years gives 0.27, with an annualized covariance of 9827.9 %².
Within EDSA's tracked universe of 30 assets, PRSO comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EDSA outperformed by 116.1 percentage points (+91.7% for EDSA against -24.4% for PRSO).
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.
EDSA vs PRSO: side by side
| EDSA (Edesa Biotech, Inc.) | PRSO (Peraso Inc.) | |
|---|---|---|
| 1-year return | +91.7% | -24.4% |
| 5-year return | -87.4% | -99.7% |
| Volatility (ann.) | 190.4% | 130.5% |
| Beta vs S&P 500 | -0.03 | 0.93 |
| Max drawdown (3Y) | -87.3% | -95.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDSA | PRSO |
|---|---|---|
| 2022 | -61.6% | -82.6% |
| 2023 | -69.8% | -61.6% |
| 2024 | -63.2% | -89.6% |
| 2025 | -15.5% | -25.0% |
| 2026 | +223.9% | -25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDSA and PRSO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDSA and PRSO?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.52 over the last year and 0.27 over 5 years.
Is PRSO a good diversifier for EDSA?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/edsa-vs-prso.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/edsa-vs-prso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDSA correlations · PRSO correlations
