NUVB vs STOK: Correlation
Measured on weekly returns over the past three years, Nuvation Bio Inc. (NUVB) and Stoke Therapeutics, Inc. (STOK) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUVB and STOK?
Across a 3-year window, the weekly returns of NUVB and STOK correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.54 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 4422.1 %².
In NUVB's tracked universe of 13 assets, STOK sits right near the top at #1. Correlation aside, the last 12 months split them widely, with NUVB ahead by 68.0 points (+136.9% versus +68.9%).
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.
NUVB vs STOK: side by side
| NUVB (Nuvation Bio Inc.) | STOK (Stoke Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +136.9% | +68.9% |
| 5-year return | -25.8% | +23.8% |
| Volatility (ann.) | 87.3% | 93.2% |
| Beta vs S&P 500 | 1.90 | 1.80 |
| Max drawdown (3Y) | -58.2% | -66.3% |
| Market cap | $2.5B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NUVB | STOK |
|---|---|---|
| 2022 | -77.4% | -61.5% |
| 2023 | -21.4% | -43.0% |
| 2024 | +76.2% | +109.7% |
| 2025 | +236.8% | +187.8% |
| 2026 | -22.0% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUVB and STOK good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NUVB and STOK?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.25 over the last year and 0.49 over 5 years.
Is STOK a good diversifier for NUVB?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/nuvb-vs-stok.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nuvb-vs-stok/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NUVB correlations · STOK correlations
