EQNR vs SLP: Correlation
How closely do Equinor ASA (EQNR) and Simulations Plus, Inc. (SLP) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and SLP?
On 3 years of weekly data the EQNR/SLP correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.24). The 5-year figure is -0.14, and annualized covariance runs at -453.3 %².
By 3-year correlation, SLP places #49 of the 79 assets tracked against EQNR. Correlation aside, the last 12 months split them widely, with EQNR ahead by 48.9 points (+77.2% versus +28.3%). One caveat on sizing: SLP is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EQNR vs SLP: side by side
| EQNR (Equinor ASA) | SLP (Simulations Plus, Inc.) | |
|---|---|---|
| 1-year return | +77.2% | +28.3% |
| 5-year return | +180.6% | -58.0% |
| Volatility (ann.) | 33.2% | 55.9% |
| Beta vs S&P 500 | -0.25 | 1.34 |
| Max drawdown (3Y) | -27.6% | -77.7% |
| Market cap | $98.6B | $0.4B |
| P/E (trailing) | 11.2 | 46.0 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQNR | SLP |
|---|---|---|
| 2022 | +42.8% | -22.3% |
| 2023 | -0.8% | +23.1% |
| 2024 | -16.0% | -37.4% |
| 2025 | +6.1% | -34.6% |
| 2026 | +81.8% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and SLP good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQNR and SLP?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.39 over the last year and -0.14 over 5 years.
Is SLP a good diversifier for EQNR?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/eqnr-vs-slp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqnr-vs-slp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQNR correlations · SLP correlations
