HURA vs WDAY: Correlation
How closely do TuHURA Biosciences, Inc. (HURA) and Workday, Inc. (WDAY) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and WDAY?
Across a 3-year window, the weekly returns of HURA and WDAY correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.19 over 3 years. Stretching to 5 years gives -0.01, with an annualized covariance of -1169.6 %².
Among the 29 assets we track against HURA, WDAY ranks #14 by 3-year correlation. The trailing year gives WDAY the advantage: -26.6% versus -15.7%, a 10.9-point spread. Note the risk asymmetry: HURA runs 3.8 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.
HURA vs WDAY: side by side
| HURA (TuHURA Biosciences, Inc.) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -26.6% | -15.7% |
| 5-year return | -99.9% | -28.7% |
| Volatility (ann.) | 152.6% | 40.0% |
| Beta vs S&P 500 | 0.27 | 1.09 |
| Max drawdown (3Y) | -99.7% | -63.4% |
| Market cap | $0.1B | $47.8B |
| P/E (trailing) | – | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | HURA | WDAY |
|---|---|---|
| 2022 | -73.0% | -38.7% |
| 2023 | -97.5% | +65.0% |
| 2024 | -31.3% | -6.5% |
| 2025 | -81.5% | -16.8% |
| 2026 | +181.4% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and WDAY good diversifiers for each other?
Yes. With a correlation of -0.19, HURA and WDAY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HURA and WDAY?
The HURA/WDAY correlation stands at -0.19 on a 3-year window (1 year: -0.32, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is WDAY a good diversifier for HURA?
Yes. With a correlation of -0.19, HURA and WDAY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/hura-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hura-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HURA correlations · WDAY correlations
