PLRX vs RETO: Correlation
Measured on weekly returns over the past three years, Pliant Therapeutics, Inc. (PLRX) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLRX and RETO?
On 3 years of weekly data the PLRX/RETO correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.34). The 5-year figure is -0.20, and annualized covariance runs at -10115.7 %².
RETO is close to the least connected end of PLRX's tracked universe, ranking #14 of 17. The last year tells two different stories: PLRX led by 64.3 percentage points, -32.0% for PLRX against -96.3% for RETO. One caveat on sizing: RETO is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PLRX vs RETO: side by side
| PLRX (Pliant Therapeutics, Inc.) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | -32.0% | -96.3% |
| 5-year return | -93.6% | -100.0% |
| Volatility (ann.) | 74.8% | 399.9% |
| Beta vs S&P 500 | 1.32 | -2.83 |
| Max drawdown (3Y) | -94.7% | -99.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLRX | RETO |
|---|---|---|
| 2022 | +43.2% | -75.9% |
| 2023 | -6.3% | -99.1% |
| 2024 | -27.3% | -74.9% |
| 2025 | -90.7% | -57.1% |
| 2026 | -5.7% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLRX and RETO good diversifiers for each other?
Yes. With a correlation of -0.34, PLRX and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PLRX and RETO?
As of 2026-08-27, the correlation of weekly returns between PLRX and RETO is -0.34 over 3 years, 0.05 over 1 year and -0.20 over 5 years.
Is RETO a good diversifier for PLRX?
Yes. With a correlation of -0.34, PLRX and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/plrx-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plrx-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLRX correlations · RETO correlations
