KTTA vs WALD: Correlation
Measured on weekly returns over the past three years, Pasithea Therapeutics Corp. (KTTA) and Waldencast plc - Class A (WALD) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTTA and WALD?
Over the past 3 years, KTTA and WALD moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.18 over 3. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -4130.3 %².
WALD is close to the least connected end of KTTA's tracked universe, ranking #8 of 10. The trailing year gives WALD the advantage: -26.4% versus -16.0%, a 10.4-point spread. One caveat on sizing: KTTA is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KTTA vs WALD: side by side
| KTTA (Pasithea Therapeutics Corp.) | WALD (Waldencast plc - Class A) | |
|---|---|---|
| 1-year return | -26.4% | -16.0% |
| 5-year return | -99.2% | -86.1% |
| Volatility (ann.) | 248.1% | 95.0% |
| Beta vs S&P 500 | 3.29 | 0.48 |
| Max drawdown (3Y) | -97.6% | -93.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTTA | WALD |
|---|---|---|
| 2022 | -63.7% | -8.8% |
| 2023 | -42.4% | +20.6% |
| 2024 | -57.4% | -63.3% |
| 2025 | -59.0% | -53.2% |
| 2026 | -57.0% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTTA and WALD good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KTTA and WALD?
The KTTA/WALD correlation stands at -0.18 on a 3-year window (1 year: -0.22, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is WALD a good diversifier for KTTA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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/ktta-vs-wald.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ktta-vs-wald/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KTTA correlations · WALD correlations
