ELLO vs TPST: Correlation
Measured on weekly returns over the past three years, Ellomay Capital Ltd (ELLO) and Tempest Therapeutics, Inc. (TPST) 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 ELLO and TPST?
On 3 years of weekly data the ELLO/TPST correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.23). The 5-year figure is -0.14, and annualized covariance runs at -7218.6 %².
Among the 10 assets we track against ELLO, TPST sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with ELLO ahead by 105.5 points (+15.5% versus -90.0%). Note the risk asymmetry: TPST runs 19.9 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.
ELLO vs TPST: side by side
| ELLO (Ellomay Capital Ltd) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +15.5% | -90.0% |
| 5-year return | -28.2% | -99.4% |
| Volatility (ann.) | 39.3% | 782.8% |
| Beta vs S&P 500 | 0.36 | 1.97 |
| Max drawdown (3Y) | -41.7% | -99.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELLO | TPST |
|---|---|---|
| 2022 | -47.5% | -78.2% |
| 2023 | +0.3% | +282.6% |
| 2024 | +8.7% | -81.0% |
| 2025 | +49.5% | -73.6% |
| 2026 | -16.8% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELLO and TPST good diversifiers for each other?
Yes. With a correlation of -0.23, ELLO and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ELLO and TPST?
The ELLO/TPST correlation stands at -0.23 on a 3-year window (1 year: 0.15, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for ELLO?
Yes. With a correlation of -0.23, ELLO and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
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Related comparisons
Hubs: ELLO correlations · TPST correlations
