PVLA vs TKNO: Correlation
How closely do Palvella Therapeutics, Inc. (PVLA) and Alpha Teknova, Inc. (TKNO) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PVLA and TKNO?
Across a 3-year window, the weekly returns of PVLA and TKNO correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.43). Stretching to 5 years gives 0.39, with an annualized covariance of 4851.2 %².
TKNO is one of the assets that tracks PVLA most closely: it ranks #3 out of the 16 assets we track against PVLA. Correlation aside, the last 12 months split them widely, with PVLA ahead by 102.0 points (+166.3% versus +64.3%).
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.
PVLA vs TKNO: side by side
| PVLA (Palvella Therapeutics, Inc.) | TKNO (Alpha Teknova, Inc.) | |
|---|---|---|
| 1-year return | +166.3% | +64.3% |
| 5-year return | -62.3% | -61.5% |
| Volatility (ann.) | 105.3% | 107.9% |
| Beta vs S&P 500 | 0.24 | 1.10 |
| Max drawdown (3Y) | -77.6% | -79.6% |
| Market cap | $2.2B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PVLA | TKNO |
|---|---|---|
| 2022 | -72.5% | -72.5% |
| 2023 | -82.5% | -33.9% |
| 2024 | -17.6% | +123.9% |
| 2025 | +772.2% | -54.5% |
| 2026 | +43.6% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PVLA and TKNO good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PVLA and TKNO?
As of 2026-08-27, the correlation of weekly returns between PVLA and TKNO is 0.43 over 3 years, 0.27 over 1 year and 0.39 over 5 years.
Is TKNO a good diversifier for PVLA?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pvla-vs-tkno.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pvla-vs-tkno/)
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Related comparisons
Hubs: PVLA correlations · TKNO correlations
