EDTK vs SOLV: Correlation
How closely do Skillful Craftsman Education Technology Limited (EDTK) and Solventum (SOLV) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDTK and SOLV?
On 3 years of weekly data the EDTK/SOLV correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -211.5 %².
Among the 16 assets we track against EDTK, SOLV ranks #11 by 3-year correlation. The last year tells two different stories: SOLV led by 42.9 percentage points, -18.2% for EDTK against +24.7% for SOLV.
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 SOLV: side by side
| EDTK (Skillful Craftsman Education Technology Limited) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -18.2% | +24.7% |
| 5-year return | -41.9% | n/a |
| Volatility (ann.) | 45.4% | 30.4% |
| Beta vs S&P 500 | -0.09 | 0.62 |
| Max drawdown (3Y) | -35.4% | -40.0% |
| Market cap | – | $15.5B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | EDTK | SOLV |
|---|---|---|
| 2022 | +52.4% | – |
| 2023 | -12.5% | – |
| 2024 | -19.8% | – |
| 2025 | -10.9% | +20.0% |
| 2026 | +0.0% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDTK and SOLV good diversifiers for each other?
Yes. With a correlation of -0.18, EDTK and SOLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EDTK and SOLV?
The EDTK/SOLV correlation stands at -0.18 on a 3-year window (1 year: -0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SOLV a good diversifier for EDTK?
Yes. With a correlation of -0.18, EDTK and SOLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 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-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edtk-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDTK correlations · SOLV correlations
