PRZO vs TPST: Correlation
How closely do ParaZero Technologies Ltd. (PRZO) and Tempest Therapeutics, Inc. (TPST) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRZO and TPST?
Over the past 3 years, PRZO and TPST moved with a correlation of 0.61, which is strong. The past 12 months show a weaker link (0.00) than the 3-year average (0.61). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 82728.4 %².
In PRZO's tracked universe of 17 assets, TPST sits right near the top at #1. The last year tells two different stories: PRZO led by 47.7 percentage points, -42.3% for PRZO against -90.0% for TPST. Note the risk asymmetry: TPST runs 4.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRZO vs TPST: side by side
| PRZO (ParaZero Technologies Ltd.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -42.3% | -90.0% |
| 5-year return | n/a | -99.4% |
| Volatility (ann.) | 172.1% | 782.8% |
| Beta vs S&P 500 | 1.95 | 1.97 |
| Max drawdown (3Y) | -88.0% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRZO | TPST |
|---|---|---|
| 2022 | – | -78.2% |
| 2023 | – | +282.6% |
| 2024 | +185.5% | -81.0% |
| 2025 | -59.9% | -73.6% |
| 2026 | -4.5% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRZO and TPST good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PRZO and TPST?
The PRZO/TPST correlation stands at 0.61 on a 3-year window (1 year: 0.00, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for PRZO?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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/przo-vs-tpst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/przo-vs-tpst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRZO correlations · TPST correlations
