ESOA vs KLRS: Correlation
How closely do Energy Services of America Corporation (ESOA) and Kalaris Therapeutics, Inc. (KLRS) 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 ESOA and KLRS?
Over the past 3 years, ESOA and KLRS moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.24). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1637.4 %².
Among the 11 assets we track against ESOA, KLRS sits near the bottom by co-movement, at rank #10. The last year tells two different stories: KLRS led by 19.1 percentage points, +14.0% for ESOA against +33.1% for KLRS.
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.
ESOA vs KLRS: side by side
| ESOA (Energy Services of America Corporation) | KLRS (Kalaris Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +14.0% | +33.1% |
| 5-year return | +517.2% | -99.1% |
| Volatility (ann.) | 70.1% | 98.7% |
| Beta vs S&P 500 | 0.86 | 1.33 |
| Max drawdown (3Y) | -57.4% | -97.0% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 19.1 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESOA | KLRS |
|---|---|---|
| 2022 | -22.1% | -60.4% |
| 2023 | +141.3% | -86.7% |
| 2024 | +111.4% | -38.2% |
| 2025 | -34.4% | -12.6% |
| 2026 | +43.6% | -51.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESOA and KLRS 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 ESOA and KLRS?
The ESOA/KLRS correlation stands at -0.24 on a 3-year window (1 year: -0.05, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is KLRS a good diversifier for ESOA?
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?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: ESOA correlations · KLRS correlations
