EUDA vs TORO: Correlation
Measured on weekly returns over the past three years, Euda Health Holdings Limited (EUDA) and Toro Corp. (TORO) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EUDA and TORO?
Over the past 3 years, EUDA and TORO moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.38). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4101.3 %².
TORO is one of the assets that tracks EUDA most closely: it ranks #2 out of the 13 assets we track against EUDA. The last year tells two different stories: TORO led by 343.5 percentage points, -67.2% for EUDA against +276.3% for TORO. One caveat on sizing: EUDA is 1.8 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.
EUDA vs TORO: side by side
| EUDA (Euda Health Holdings Limited) | TORO (Toro Corp.) | |
|---|---|---|
| 1-year return | -67.2% | +276.3% |
| 5-year return | -92.2% | n/a |
| Volatility (ann.) | 139.0% | 78.4% |
| Beta vs S&P 500 | 0.75 | 0.97 |
| Max drawdown (3Y) | -95.7% | -71.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 311.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EUDA | TORO |
|---|---|---|
| 2022 | -83.1% | – |
| 2023 | -13.2% | – |
| 2024 | +212.9% | -42.9% |
| 2025 | -48.4% | +87.9% |
| 2026 | -67.5% | +96.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EUDA and TORO good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EUDA and TORO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.51 over the last year and n/a over 5 years.
Is TORO a good diversifier for EUDA?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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
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Related comparisons
Hubs: EUDA correlations · TORO correlations
