OKYO vs PXLW: Correlation
How closely do OKYO Pharma Limited (OKYO) and Pixelworks, Inc. (PXLW) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKYO and PXLW?
On 3 years of weekly data the OKYO/PXLW correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -1619.6 %².
Among the 12 assets we track against OKYO, PXLW sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months PXLW outperformed by 17.8 percentage points (-31.4% for OKYO against -13.6% for PXLW).
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.
OKYO vs PXLW: side by side
| OKYO (OKYO Pharma Limited) | PXLW (Pixelworks, Inc.) | |
|---|---|---|
| 1-year return | -31.4% | -13.6% |
| 5-year return | -57.2% | -90.7% |
| Volatility (ann.) | 76.6% | 99.0% |
| Beta vs S&P 500 | 0.56 | 1.41 |
| Max drawdown (3Y) | -69.1% | -86.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OKYO | PXLW |
|---|---|---|
| 2022 | – | -59.8% |
| 2023 | -7.3% | -26.0% |
| 2024 | -35.0% | -44.3% |
| 2025 | +80.0% | -27.4% |
| 2026 | -25.1% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKYO and PXLW good diversifiers for each other?
Yes. With a correlation of -0.21, OKYO and PXLW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OKYO and PXLW?
The OKYO/PXLW correlation stands at -0.21 on a 3-year window (1 year: -0.29, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is PXLW a good diversifier for OKYO?
Yes. With a correlation of -0.21, OKYO and PXLW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/okyo-vs-pxlw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/okyo-vs-pxlw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OKYO correlations · PXLW correlations
