KLRS vs PWCM: Correlation
Measured on weekly returns over the past three years, Kalaris Therapeutics, Inc. (KLRS) and PowerCompute, Inc. (PWCM) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLRS and PWCM?
On 3 years of weekly data the KLRS/PWCM correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.11 over 1 year against -0.20 over 3. The 5-year figure is -0.05, and annualized covariance runs at -2242.7 %².
Among the 15 assets we track against KLRS, PWCM ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KLRS ahead by 129.2 points (+33.1% versus -96.1%).
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.
KLRS vs PWCM: side by side
| KLRS (Kalaris Therapeutics, Inc.) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | +33.1% | -96.1% |
| 5-year return | -99.1% | -99.8% |
| Volatility (ann.) | 98.7% | 115.8% |
| Beta vs S&P 500 | 1.33 | 2.15 |
| Max drawdown (3Y) | -97.0% | -99.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KLRS | PWCM |
|---|---|---|
| 2022 | -60.4% | -88.6% |
| 2023 | -86.7% | +11.8% |
| 2024 | -38.2% | -41.9% |
| 2025 | -12.6% | -79.3% |
| 2026 | -51.4% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLRS and PWCM good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KLRS and PWCM?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.11 over the last year and -0.05 over 5 years.
Is PWCM a good diversifier for KLRS?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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: KLRS correlations · PWCM correlations
