NIKI vs SNDA: Correlation
Niki BioSolutions, Inc. (NIKI) and Sonida Senior Living, Inc. (SNDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIKI and SNDA?
Across a 3-year window, the weekly returns of NIKI and SNDA correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus 0.47 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 6569.8 %².
Among the 20 assets we track against NIKI, SNDA ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SNDA ahead by 115.5 points (-66.5% versus +49.0%). Note the risk asymmetry: NIKI runs 3.7 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 SNDA: side by side
| NIKI (Niki BioSolutions, Inc.) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | -66.5% | +49.0% |
| 5-year return | -97.1% | +6.6% |
| Volatility (ann.) | 227.3% | 61.1% |
| Beta vs S&P 500 | 0.93 | 0.66 |
| Max drawdown (3Y) | -94.8% | -41.0% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIKI | SNDA |
|---|---|---|
| 2022 | -63.3% | -56.1% |
| 2023 | -55.5% | -22.7% |
| 2024 | +14.3% | +138.9% |
| 2025 | -62.1% | +41.3% |
| 2026 | -28.9% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIKI and SNDA good diversifiers for each other?
Reasonably. At 0.47, NIKI and SNDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NIKI and SNDA?
As of 2026-08-27, the correlation of weekly returns between NIKI and SNDA is 0.47 over 3 years, -0.29 over 1 year and 0.35 over 5 years.
Is SNDA a good diversifier for NIKI?
Reasonably. At 0.47, NIKI and SNDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/niki-vs-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/niki-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NIKI correlations · SNDA correlations
