PAPL vs UUUU: Correlation
Measured on weekly returns over the past three years, Pineapple Financial Inc. (PAPL) and Energy Fuels Inc (UUUU) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAPL and UUUU?
On 3 years of weekly data the PAPL/UUUU correlation comes out at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.33 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 4228.9 %².
Within PAPL's tracked universe of 51 assets, UUUU comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UUUU outperformed by 108.8 percentage points (-70.7% for PAPL against +38.1% for UUUU). Risk is not evenly split, since PAPL carries 2.6 times the volatility of the other side.
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.
PAPL vs UUUU: side by side
| PAPL (Pineapple Financial Inc.) | UUUU (Energy Fuels Inc) | |
|---|---|---|
| 1-year return | -70.7% | +38.1% |
| 5-year return | n/a | +207.4% |
| Volatility (ann.) | 181.2% | 70.3% |
| Beta vs S&P 500 | -0.73 | 1.46 |
| Max drawdown (3Y) | -99.4% | -61.5% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAPL | UUUU |
|---|---|---|
| 2022 | – | -18.6% |
| 2023 | – | +15.8% |
| 2024 | -74.7% | -28.7% |
| 2025 | -84.4% | +183.4% |
| 2026 | -25.5% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAPL and UUUU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PAPL and UUUU?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.12 over the last year and n/a over 5 years.
Is UUUU a good diversifier for PAPL?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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/papl-vs-uuuu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/papl-vs-uuuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAPL correlations · UUUU correlations
