IFBD vs VANI: Correlation
How closely do Infobird Co., Ltd (IFBD) and Vivani Medical, Inc. (VANI) 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 IFBD and VANI?
Over the past 3 years, IFBD and VANI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -4736.1 %².
VANI is close to the least connected end of IFBD's tracked universe, ranking #14 of 14. The last year tells two different stories: VANI led by 27.3 percentage points, -12.5% for IFBD against +14.8% for VANI.
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.
IFBD vs VANI: side by side
| IFBD (Infobird Co., Ltd) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -12.5% | +14.8% |
| 5-year return | -100.0% | -87.4% |
| Volatility (ann.) | 145.7% | 123.8% |
| Beta vs S&P 500 | 0.85 | 1.29 |
| Max drawdown (3Y) | -98.4% | -77.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IFBD | VANI |
|---|---|---|
| 2022 | -88.9% | -82.6% |
| 2023 | -97.8% | +20.0% |
| 2024 | -78.4% | +13.7% |
| 2025 | -57.9% | +6.0% |
| 2026 | -4.3% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFBD and VANI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between IFBD and VANI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.07 over the last year and -0.12 over 5 years.
Is VANI a good diversifier for IFBD?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: IFBD correlations · VANI correlations
