IMPP vs TK: Correlation
Imperial Petroleum Inc. (IMPP) and Teekay Corporation Ltd. (TK) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMPP and TK?
Over the past 3 years, IMPP and TK moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 960.5 %².
In IMPP's tracked universe of 11 assets, TK sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months TK outperformed by 17.1 percentage points (+53.3% for IMPP against +70.4% for TK).
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.
IMPP vs TK: side by side
| IMPP (Imperial Petroleum Inc.) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +53.3% | +70.4% |
| 5-year return | -95.5% | +508.0% |
| Volatility (ann.) | 51.6% | 36.4% |
| Beta vs S&P 500 | 0.12 | 0.60 |
| Max drawdown (3Y) | -49.8% | -32.2% |
| Market cap | $0.2B | $1.1B |
| P/E (trailing) | 3.1 | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMPP | TK |
|---|---|---|
| 2022 | -88.7% | +44.6% |
| 2023 | -27.0% | +57.5% |
| 2024 | +14.0% | +11.5% |
| 2025 | +20.3% | +48.2% |
| 2026 | +39.8% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMPP and TK good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IMPP and TK?
As of 2026-08-27, the correlation of weekly returns between IMPP and TK is 0.51 over 3 years, 0.43 over 1 year and 0.22 over 5 years.
Is TK a good diversifier for IMPP?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/impp-vs-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/impp-vs-tk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMPP correlations · TK correlations
