LINK vs NKTR: Correlation
Measured on weekly returns over the past three years, Interlink Electronics, Inc. (LINK) and Nektar Therapeutics (NKTR) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LINK and NKTR?
Across a 3-year window, the weekly returns of LINK and NKTR correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.32 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 4014.6 %².
Among the 13 assets we track against LINK, NKTR ranks #4 by 3-year correlation. The last year tells two different stories: NKTR led by 156.1 percentage points, -1.5% for LINK against +154.6% for NKTR. One caveat on sizing: NKTR is 1.9 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.
LINK vs NKTR: side by side
| LINK (Interlink Electronics, Inc.) | NKTR (Nektar Therapeutics) | |
|---|---|---|
| 1-year return | -1.5% | +154.6% |
| 5-year return | +17.2% | -67.2% |
| Volatility (ann.) | 81.3% | 152.4% |
| Beta vs S&P 500 | 1.01 | 3.24 |
| Max drawdown (3Y) | -71.3% | -73.2% |
| Market cap | $0.1B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LINK | NKTR |
|---|---|---|
| 2022 | -15.7% | -83.3% |
| 2023 | +56.5% | -75.2% |
| 2024 | -26.8% | +66.1% |
| 2025 | -6.7% | +203.1% |
| 2026 | +34.0% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LINK and NKTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LINK and NKTR?
The LINK/NKTR correlation stands at 0.32 on a 3-year window (1 year: 0.10, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is NKTR a good diversifier for LINK?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LINK correlations · NKTR correlations
