EDTK vs PLMR: Correlation
Measured on weekly returns over the past three years, Skillful Craftsman Education Technology Limited (EDTK) and Palomar Holdings, Inc. (PLMR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDTK and PLMR?
On 3 years of weekly data the EDTK/PLMR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.23). The 5-year figure is -0.10, and annualized covariance runs at -371.7 %².
PLMR is close to the least connected end of EDTK's tracked universe, ranking #14 of 16. The last year tells two different stories: PLMR led by 23.2 percentage points, -18.2% for EDTK against +5.0% for PLMR.
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.
EDTK vs PLMR: side by side
| EDTK (Skillful Craftsman Education Technology Limited) | PLMR (Palomar Holdings, Inc.) | |
|---|---|---|
| 1-year return | -18.2% | +5.0% |
| 5-year return | -41.9% | +44.4% |
| Volatility (ann.) | 45.4% | 35.9% |
| Beta vs S&P 500 | -0.09 | 0.34 |
| Max drawdown (3Y) | -35.4% | -42.3% |
| Market cap | – | $3.4B |
| P/E (trailing) | – | 17.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDTK | PLMR |
|---|---|---|
| 2022 | +52.4% | -30.3% |
| 2023 | -12.5% | +22.9% |
| 2024 | -19.8% | +90.3% |
| 2025 | -10.9% | +27.6% |
| 2026 | +0.0% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDTK and PLMR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between EDTK and PLMR?
The EDTK/PLMR correlation stands at -0.23 on a 3-year window (1 year: -0.11, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is PLMR a good diversifier for EDTK?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/edtk-vs-plmr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/edtk-vs-plmr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDTK correlations · PLMR correlations
