HPK vs SHPH: Correlation
HighPeak Energy, Inc. (HPK) and Shuttle Pharmaceuticals Holdings, Inc. (SHPH) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPK and SHPH?
On 3 years of weekly data the HPK/SHPH correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.22). The 5-year figure is -0.09, and annualized covariance runs at -1233.3 %².
Out of 13 assets tracked against HPK, SHPH lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with HPK ahead by 95.6 points (+7.2% versus -88.4%). Risk is not evenly split, since SHPH carries 1.8 times the volatility of the other side.
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.
HPK vs SHPH: side by side
| HPK (HighPeak Energy, Inc.) | SHPH (Shuttle Pharmaceuticals Holdings, Inc.) | |
|---|---|---|
| 1-year return | +7.2% | -88.4% |
| 5-year return | -11.4% | n/a |
| Volatility (ann.) | 55.8% | 99.7% |
| Beta vs S&P 500 | 0.31 | 0.99 |
| Max drawdown (3Y) | -77.8% | -99.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | 35.3 |
| Dividend yield | 1.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HPK | SHPH |
|---|---|---|
| 2022 | +56.9% | – |
| 2023 | -37.4% | -76.8% |
| 2024 | +4.3% | -76.4% |
| 2025 | -67.2% | -91.6% |
| 2026 | +68.8% | -78.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPK and SHPH good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between HPK and SHPH?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.48 over the last year and -0.09 over 5 years.
Is SHPH a good diversifier for HPK?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/hpk-vs-shph.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hpk-vs-shph/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HPK correlations · SHPH correlations
