HALO vs SWVL: Correlation
Halozyme Therapeutics, Inc. (HALO) and Swvl Holdings Corp (SWVL) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HALO and SWVL?
On 3 years of weekly data the HALO/SWVL correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.20 over 3. The 5-year figure is -0.09, and annualized covariance runs at -1019.3 %².
Out of 12 assets tracked against HALO, SWVL lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with HALO ahead by 83.5 points (+46.1% versus -37.4%). Note the risk asymmetry: SWVL runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HALO vs SWVL: side by side
| HALO (Halozyme Therapeutics, Inc.) | SWVL (Swvl Holdings Corp) | |
|---|---|---|
| 1-year return | +46.1% | -37.4% |
| 5-year return | +154.8% | -99.1% |
| Volatility (ann.) | 41.5% | 122.0% |
| Beta vs S&P 500 | 0.54 | 1.20 |
| Max drawdown (3Y) | -33.9% | -92.3% |
| Market cap | $12.1B | – |
| P/E (trailing) | 31.4 | 18.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HALO | SWVL |
|---|---|---|
| 2022 | +41.5% | -98.6% |
| 2023 | -35.0% | -51.1% |
| 2024 | +29.4% | +281.3% |
| 2025 | +40.8% | -70.2% |
| 2026 | +58.9% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HALO and SWVL good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between HALO and SWVL?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.16 over the last year and -0.09 over 5 years.
Is SWVL a good diversifier for HALO?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/halo-vs-swvl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/halo-vs-swvl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HALO correlations · SWVL correlations
