HOUR vs TRAW: Correlation
Hour Loop, Inc. (HOUR) and Traws Pharma, Inc. (TRAW) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOUR and TRAW?
Across a 3-year window, the weekly returns of HOUR and TRAW correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.38, with an annualized covariance of 8130.7 %².
By 3-year correlation, TRAW places #5 of the 10 assets tracked against HOUR. Correlation aside, the last 12 months split them widely, with HOUR ahead by 84.9 points (+26.1% versus -58.8%).
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.
HOUR vs TRAW: side by side
| HOUR (Hour Loop, Inc.) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | +26.1% | -58.8% |
| 5-year return | -76.6% | -99.5% |
| Volatility (ann.) | 126.8% | 138.3% |
| Beta vs S&P 500 | 1.23 | 0.67 |
| Max drawdown (3Y) | -74.1% | -98.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 46.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOUR | TRAW |
|---|---|---|
| 2022 | – | -74.5% |
| 2023 | -47.0% | +15.4% |
| 2024 | +62.6% | -52.6% |
| 2025 | -20.0% | -87.3% |
| 2026 | +3.9% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOUR and TRAW good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HOUR and TRAW?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.22 over the last year and 0.38 over 5 years.
Is TRAW a good diversifier for HOUR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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
$ curl https://www.pairbook.io/api/v1/pairs/hour-vs-traw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hour-vs-traw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOUR correlations · TRAW correlations
