KIDS vs TPST: Correlation
OrthoPediatrics Corp. (KIDS) and Tempest Therapeutics, Inc. (TPST) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIDS and TPST?
Across a 3-year window, the weekly returns of KIDS and TPST correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.19). Stretching to 5 years gives -0.13, with an annualized covariance of -6950.7 %².
TPST is close to the least connected end of KIDS's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months KIDS outperformed by 97.8 percentage points (+7.8% for KIDS against -90.0% for TPST). Note the risk asymmetry: TPST runs 16.4 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.
KIDS vs TPST: side by side
| KIDS (OrthoPediatrics Corp.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +7.8% | -90.0% |
| 5-year return | -65.6% | -99.4% |
| Volatility (ann.) | 47.6% | 782.8% |
| Beta vs S&P 500 | 0.91 | 1.97 |
| Max drawdown (3Y) | -62.1% | -99.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KIDS | TPST |
|---|---|---|
| 2022 | -33.6% | -78.2% |
| 2023 | -18.2% | +282.6% |
| 2024 | -28.7% | -81.0% |
| 2025 | -23.4% | -73.6% |
| 2026 | +31.3% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIDS and TPST good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between KIDS and TPST?
The KIDS/TPST correlation stands at -0.19 on a 3-year window (1 year: -0.08, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for KIDS?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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.
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Related comparisons
Hubs: KIDS correlations · TPST correlations
