PAPL vs WYNN: Correlation
How closely do Pineapple Financial Inc. (PAPL) and Wynn Resorts (WYNN) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAPL and WYNN?
On 3 years of weekly data the PAPL/WYNN correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.20). The 5-year figure is n/a, and annualized covariance runs at -1251.9 %².
By 3-year correlation, WYNN places #28 of the 51 assets tracked against PAPL. Correlation aside, the last 12 months split them widely, with WYNN ahead by 47.4 points (-70.7% versus -23.3%). Risk is not evenly split, since PAPL carries 5.2 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 WYNN: side by side
| PAPL (Pineapple Financial Inc.) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -70.7% | -23.3% |
| 5-year return | n/a | -2.9% |
| Volatility (ann.) | 181.2% | 34.7% |
| Beta vs S&P 500 | -0.73 | 0.88 |
| Max drawdown (3Y) | -99.4% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | PAPL | WYNN |
|---|---|---|
| 2022 | – | -3.0% |
| 2023 | – | +11.3% |
| 2024 | -74.7% | -4.4% |
| 2025 | -84.4% | +41.0% |
| 2026 | -25.5% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAPL and WYNN good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAPL and WYNN?
As of 2026-08-27, the correlation of weekly returns between PAPL and WYNN is -0.20 over 3 years, -0.02 over 1 year and n/a over 5 years.
Is WYNN a good diversifier for PAPL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/papl-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/papl-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAPL correlations · WYNN correlations
