HURA vs VAL: Correlation
Measured on weekly returns over the past three years, TuHURA Biosciences, Inc. (HURA) and Valaris Limited (VAL) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and VAL?
On 3 years of weekly data the HURA/VAL correlation comes out at 0.33, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.33). The 5-year figure is 0.17, and annualized covariance runs at 2639.1 %².
Within HURA's tracked universe of 29 assets, VAL comes in at #5 by 3-year correlation. The last year tells two different stories: VAL led by 99.9 percentage points, -26.6% for HURA against +73.3% for VAL. One caveat on sizing: HURA is 2.9 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.
HURA vs VAL: side by side
| HURA (TuHURA Biosciences, Inc.) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | -26.6% | +73.3% |
| 5-year return | -99.9% | +200.2% |
| Volatility (ann.) | 152.6% | 52.9% |
| Beta vs S&P 500 | 0.27 | 0.77 |
| Max drawdown (3Y) | -99.7% | -63.8% |
| Market cap | $0.1B | $5.9B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HURA | VAL |
|---|---|---|
| 2022 | -73.0% | +87.8% |
| 2023 | -97.5% | +1.4% |
| 2024 | -31.3% | -35.5% |
| 2025 | -81.5% | +13.9% |
| 2026 | +181.4% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and VAL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HURA and VAL?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.57 over the last year and 0.17 over 5 years.
Is VAL a good diversifier for HURA?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/hura-vs-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hura-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HURA correlations · VAL correlations
