PDYN vs SES: Correlation
Palladyne AI Corp. (PDYN) and SES AI Corporation (SES) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDYN and SES?
Across a 3-year window, the weekly returns of PDYN and SES correlate at 0.70, strong. The past 12 months show a weaker link (0.23) than the 3-year average (0.70). Stretching to 5 years gives 0.64, with an annualized covariance of 41934.0 %².
SES is one of the assets that tracks PDYN most closely: it ranks #2 out of the 17 assets we track against PDYN. Their recent paths diverged sharply: over the last 12 months PDYN outperformed by 29.1 percentage points (-21.9% for PDYN against -51.0% for SES).
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.
PDYN vs SES: side by side
| PDYN (Palladyne AI Corp.) | SES (SES AI Corporation) | |
|---|---|---|
| 1-year return | -21.9% | -51.0% |
| 5-year return | -88.8% | -94.5% |
| Volatility (ann.) | 204.5% | 294.5% |
| Beta vs S&P 500 | 3.45 | 2.43 |
| Max drawdown (3Y) | -68.8% | -89.7% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDYN | SES |
|---|---|---|
| 2022 | -94.4% | -68.3% |
| 2023 | -78.6% | -41.9% |
| 2024 | +1601.8% | +19.7% |
| 2025 | -65.3% | -17.8% |
| 2026 | +43.0% | -69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDYN and SES good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PDYN and SES?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.23 over the last year and 0.64 over 5 years.
Is SES a good diversifier for PDYN?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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/pdyn-vs-ses.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pdyn-vs-ses/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDYN correlations · SES correlations
