IVDA vs PDYN: Correlation
How closely do Iveda Solutions, Inc. (IVDA) and Palladyne AI Corp. (PDYN) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVDA and PDYN?
On 3 years of weekly data the IVDA/PDYN correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.48 over 3. The 5-year figure is 0.36, and annualized covariance runs at 12346.6 %².
By 3-year correlation, PDYN places #4 of the 10 assets tracked against IVDA. Their recent paths diverged sharply: over the last 12 months PDYN outperformed by 59.9 percentage points (-81.8% for IVDA against -21.9% for PDYN). Note the risk asymmetry: PDYN 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.
IVDA vs PDYN: side by side
| IVDA (Iveda Solutions, Inc.) | PDYN (Palladyne AI Corp.) | |
|---|---|---|
| 1-year return | -81.8% | -21.9% |
| 5-year return | -99.2% | -88.8% |
| Volatility (ann.) | 125.9% | 204.5% |
| Beta vs S&P 500 | 1.47 | 3.45 |
| Max drawdown (3Y) | -97.4% | -68.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVDA | PDYN |
|---|---|---|
| 2022 | -96.8% | -94.4% |
| 2023 | +12.5% | -78.6% |
| 2024 | -2.0% | +1601.8% |
| 2025 | -83.0% | -65.3% |
| 2026 | -64.6% | +43.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVDA and PDYN good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IVDA and PDYN?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.49 over the last year and 0.36 over 5 years.
Is PDYN a good diversifier for IVDA?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/ivda-vs-pdyn.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: IVDA correlations · PDYN correlations
