EFOR vs POET: Correlation
How closely do Everforth, Inc. (EFOR) and POET Technologies Inc. (POET) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFOR and POET?
Across a 3-year window, the weekly returns of EFOR and POET correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.53) than the 3-year average (-0.27). Stretching to 5 years gives -0.23, with an annualized covariance of -2246.5 %².
POET is close to the least connected end of EFOR's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with POET ahead by 92.9 points (-40.7% versus +52.2%). Note the risk asymmetry: POET runs 2.7 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.
EFOR vs POET: side by side
| EFOR (Everforth, Inc.) | POET (POET Technologies Inc.) | |
|---|---|---|
| 1-year return | -40.7% | +52.2% |
| 5-year return | -71.9% | -3.6% |
| Volatility (ann.) | 54.8% | 150.2% |
| Beta vs S&P 500 | 0.83 | 2.33 |
| Max drawdown (3Y) | -83.7% | -80.1% |
| Market cap | $1.3B | $1.4B |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFOR | POET |
|---|---|---|
| 2022 | -34.0% | -57.5% |
| 2023 | +18.0% | -68.9% |
| 2024 | -13.3% | +533.0% |
| 2025 | -42.2% | +6.4% |
| 2026 | -34.3% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFOR and POET good diversifiers for each other?
Yes. With a correlation of -0.27, EFOR and POET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EFOR and POET?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.53 over the last year and -0.23 over 5 years.
Is POET a good diversifier for EFOR?
Yes. With a correlation of -0.27, EFOR and POET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/efor-vs-poet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/efor-vs-poet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFOR correlations · POET correlations
