IMXI vs OKYO: Correlation
International Money Express, Inc. (IMXI) and OKYO Pharma Limited (OKYO) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMXI and OKYO?
Across a 3-year window, the weekly returns of IMXI and OKYO correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.08, with an annualized covariance of -845.5 %².
Out of 16 assets tracked against IMXI, OKYO lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with IMXI ahead by 31.9 points (+0.5% versus -31.4%). Note the risk asymmetry: OKYO runs 1.6 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.
IMXI vs OKYO: side by side
| IMXI (International Money Express, Inc.) | OKYO (OKYO Pharma Limited) | |
|---|---|---|
| 1-year return | +0.5% | -31.4% |
| 5-year return | -19.7% | -57.2% |
| Volatility (ann.) | 47.9% | 76.6% |
| Beta vs S&P 500 | 0.78 | 0.56 |
| Max drawdown (3Y) | -61.8% | -69.1% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMXI | OKYO |
|---|---|---|
| 2022 | +52.7% | – |
| 2023 | -9.4% | -7.3% |
| 2024 | -5.7% | -35.0% |
| 2025 | -26.3% | +80.0% |
| 2026 | -5.7% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMXI and OKYO good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMXI and OKYO?
As of 2026-08-27, the correlation of weekly returns between IMXI and OKYO is -0.23 over 3 years, 0.00 over 1 year and -0.08 over 5 years.
Is OKYO a good diversifier for IMXI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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
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Related comparisons
Hubs: IMXI correlations · OKYO correlations
