PRHI vs WLDS: Correlation
How closely do Presurance Holdings, Inc. (PRHI) and Wearable Devices Ltd. (WLDS) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRHI and WLDS?
On 3 years of weekly data the PRHI/WLDS correlation comes out at 0.29, weak. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.29 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 17145.3 %².
Among the 15 assets we track against PRHI, WLDS ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PRHI ahead by 97.5 points (+21.0% versus -76.5%). Risk is not evenly split, since WLDS carries 3.9 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.
PRHI vs WLDS: side by side
| PRHI (Presurance Holdings, Inc.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | +21.0% | -76.5% |
| 5-year return | -77.0% | n/a |
| Volatility (ann.) | 122.6% | 475.5% |
| Beta vs S&P 500 | 0.03 | 3.22 |
| Max drawdown (3Y) | -76.4% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRHI | WLDS |
|---|---|---|
| 2022 | -32.3% | – |
| 2023 | -29.9% | -21.1% |
| 2024 | +6.4% | -68.3% |
| 2025 | -39.1% | -86.9% |
| 2026 | +34.9% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRHI and WLDS good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRHI and WLDS?
As of 2026-08-27, the correlation of weekly returns between PRHI and WLDS is 0.29 over 3 years, 0.46 over 1 year and 0.28 over 5 years.
Is WLDS a good diversifier for PRHI?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 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.
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Related comparisons
Hubs: PRHI correlations · WLDS correlations
