EVC vs NIKI: Correlation
How closely do Entravision Communications Corporation (EVC) and Niki BioSolutions, Inc. (NIKI) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and NIKI?
Across a 3-year window, the weekly returns of EVC and NIKI correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.37 over 3 years. Stretching to 5 years gives -0.30, with an annualized covariance of -7032.8 %².
Out of 19 assets tracked against EVC, NIKI lands near the bottom at #19. The last year tells two different stories: EVC led by 298.6 percentage points, +232.1% for EVC against -66.5% for NIKI. One caveat on sizing: NIKI is 2.8 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.
EVC vs NIKI: side by side
| EVC (Entravision Communications Corporation) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | +232.1% | -66.5% |
| 5-year return | +53.1% | -97.1% |
| Volatility (ann.) | 82.5% | 227.3% |
| Beta vs S&P 500 | 0.94 | 0.93 |
| Max drawdown (3Y) | -67.4% | -94.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 404.5 | – |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVC | NIKI |
|---|---|---|
| 2022 | -27.8% | -63.3% |
| 2023 | -9.2% | -55.5% |
| 2024 | -37.6% | +14.3% |
| 2025 | +35.8% | -62.1% |
| 2026 | +182.3% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and NIKI good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EVC and NIKI?
The EVC/NIKI correlation stands at -0.37 on a 3-year window (1 year: -0.04, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is NIKI a good diversifier for EVC?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/evc-vs-niki.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evc-vs-niki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVC correlations · NIKI correlations
