KODK vs VANI: Correlation
Eastman Kodak Company Common New (KODK) and Vivani Medical, Inc. (VANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KODK and VANI?
Over the past 3 years, KODK and VANI moved with a correlation of 0.57, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.57). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 4840.1 %².
Few assets follow KODK as closely as VANI, which ranks #1 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months KODK outperformed by 46.8 percentage points (+61.6% for KODK against +14.8% for VANI). Risk is not evenly split, since VANI carries 1.8 times the volatility of the other side.
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.
KODK vs VANI: side by side
| KODK (Eastman Kodak Company Common New) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +61.6% | +14.8% |
| 5-year return | +31.0% | -87.4% |
| Volatility (ann.) | 68.0% | 123.8% |
| Beta vs S&P 500 | 1.59 | 1.29 |
| Max drawdown (3Y) | -47.2% | -77.8% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KODK | VANI |
|---|---|---|
| 2022 | -34.8% | -82.6% |
| 2023 | +27.9% | +20.0% |
| 2024 | +68.5% | +13.7% |
| 2025 | +28.8% | +6.0% |
| 2026 | +11.9% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KODK and VANI good diversifiers for each other?
Only partially. A correlation of 0.57 means KODK and VANI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KODK and VANI?
The KODK/VANI correlation stands at 0.57 on a 3-year window (1 year: 0.17, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for KODK?
Only partially. A correlation of 0.57 means KODK and VANI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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: KODK correlations · VANI correlations
