EUDA vs REED: Correlation
Euda Health Holdings Limited (EUDA) and Reed's, Inc. (REED) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EUDA and REED?
Across a 3-year window, the weekly returns of EUDA and REED correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.13, with an annualized covariance of -3550.7 %².
Among the 13 assets we track against EUDA, REED sits near the bottom by co-movement, at rank #12. The last year tells two different stories: EUDA led by 16.9 percentage points, -67.2% for EUDA against -84.1% for REED.
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.
EUDA vs REED: side by side
| EUDA (Euda Health Holdings Limited) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | -67.2% | -84.1% |
| 5-year return | -92.2% | -99.5% |
| Volatility (ann.) | 139.0% | 104.6% |
| Beta vs S&P 500 | 0.75 | -0.39 |
| Max drawdown (3Y) | -95.7% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EUDA | REED |
|---|---|---|
| 2022 | -83.1% | -80.6% |
| 2023 | -13.2% | -54.3% |
| 2024 | +212.9% | -60.6% |
| 2025 | -48.4% | -44.4% |
| 2026 | -67.5% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EUDA and REED good diversifiers for each other?
Yes. With a correlation of -0.24, EUDA and REED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EUDA and REED?
As of 2026-08-27, the correlation of weekly returns between EUDA and REED is -0.24 over 3 years, -0.27 over 1 year and -0.13 over 5 years.
Is REED a good diversifier for EUDA?
Yes. With a correlation of -0.24, EUDA and REED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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
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Related comparisons
Hubs: EUDA correlations · REED correlations
