KITT vs WATT: Correlation
How closely do Nauticus Robotics, Inc. (KITT) and Energous Corporation (WATT) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KITT and WATT?
Over the past 3 years, KITT and WATT moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.40). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 6248.9 %².
Within KITT's tracked universe of 14 assets, WATT comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WATT ahead by 145.5 points (-98.9% versus +46.6%).
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.
KITT vs WATT: side by side
| KITT (Nauticus Robotics, Inc.) | WATT (Energous Corporation) | |
|---|---|---|
| 1-year return | -98.9% | +46.6% |
| 5-year return | -100.0% | -99.2% |
| Volatility (ann.) | 133.4% | 117.2% |
| Beta vs S&P 500 | 1.50 | 1.35 |
| Max drawdown (3Y) | -100.0% | -95.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KITT | WATT |
|---|---|---|
| 2022 | -62.4% | -33.1% |
| 2023 | -81.9% | -89.1% |
| 2024 | -93.6% | -44.8% |
| 2025 | -94.5% | -86.8% |
| 2026 | -87.0% | +196.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KITT and WATT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KITT and WATT?
As of 2026-08-27, the correlation of weekly returns between KITT and WATT is 0.40 over 3 years, 0.16 over 1 year and 0.33 over 5 years.
Is WATT a good diversifier for KITT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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: KITT correlations · WATT correlations
