IDT vs PALI: Correlation
How closely do IDT Corporation (IDT) and Palisade Bio, Inc. (PALI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDT and PALI?
On 3 years of weekly data the IDT/PALI correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.56) than the 3-year average (-0.26). The 5-year figure is -0.07, and annualized covariance runs at -917.2 %².
Out of 14 assets tracked against IDT, PALI lands near the bottom at #10. The last year tells two different stories: PALI led by 210.6 percentage points, +9.1% for IDT against +219.7% for PALI. Note the risk asymmetry: PALI runs 3.0 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.
IDT vs PALI: side by side
| IDT (IDT Corporation) | PALI (Palisade Bio, Inc.) | |
|---|---|---|
| 1-year return | +9.1% | +219.7% |
| 5-year return | +58.8% | -99.9% |
| Volatility (ann.) | 34.0% | 102.3% |
| Beta vs S&P 500 | 0.70 | 0.30 |
| Max drawdown (3Y) | -33.2% | -97.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | 21.2 | 3.2 |
| Dividend yield | 0.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDT | PALI |
|---|---|---|
| 2022 | -36.2% | -92.0% |
| 2023 | +21.0% | -88.7% |
| 2024 | +40.1% | -81.4% |
| 2025 | +8.2% | +42.4% |
| 2026 | +34.8% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDT and PALI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IDT and PALI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.56 over the last year and -0.07 over 5 years.
Is PALI a good diversifier for IDT?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/idt-vs-pali.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/idt-vs-pali/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDT correlations · PALI correlations
