NIKI vs ODYS: Correlation
Niki BioSolutions, Inc. (NIKI) and Odysight.ai Inc. (ODYS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIKI and ODYS?
Across a 3-year window, the weekly returns of NIKI and ODYS correlate at 0.36, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.36). Stretching to 5 years gives 0.14, with an annualized covariance of 6986.2 %².
Among the 20 assets we track against NIKI, ODYS ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ODYS outperformed by 66.2 percentage points (-66.5% for NIKI against -0.3% for ODYS). Note the risk asymmetry: NIKI runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NIKI vs ODYS: side by side
| NIKI (Niki BioSolutions, Inc.) | ODYS (Odysight.ai Inc.) | |
|---|---|---|
| 1-year return | -66.5% | -0.3% |
| 5-year return | -97.1% | -63.1% |
| Volatility (ann.) | 227.3% | 85.6% |
| Beta vs S&P 500 | 0.93 | 0.24 |
| Max drawdown (3Y) | -94.8% | -71.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIKI | ODYS |
|---|---|---|
| 2022 | -63.3% | -37.5% |
| 2023 | -55.5% | -39.0% |
| 2024 | +14.3% | +162.3% |
| 2025 | -62.1% | -58.8% |
| 2026 | -28.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIKI and ODYS good diversifiers for each other?
Reasonably. At 0.36, NIKI and ODYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NIKI and ODYS?
As of 2026-08-27, the correlation of weekly returns between NIKI and ODYS is 0.36 over 3 years, 0.18 over 1 year and 0.14 over 5 years.
Is ODYS a good diversifier for NIKI?
Reasonably. At 0.36, NIKI and ODYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/niki-vs-odys.json
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Related comparisons
Hubs: NIKI correlations · ODYS correlations
