RANI vs TVRD: Correlation
Rani Therapeutics Holdings, Inc. (RANI) and Tvardi Therapeutics, Inc. (TVRD) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RANI and TVRD?
On 3 years of weekly data the RANI/TVRD correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.57) than the 3-year average (-0.32). The 5-year figure is -0.25, and annualized covariance runs at -6775.1 %².
Out of 10 assets tracked against RANI, TVRD lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months RANI outperformed by 145.8 percentage points (+51.7% for RANI against -94.1% for TVRD).
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.
RANI vs TVRD: side by side
| RANI (Rani Therapeutics Holdings, Inc.) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +51.7% | -94.1% |
| 5-year return | -95.2% | -99.7% |
| Volatility (ann.) | 174.6% | 119.7% |
| Beta vs S&P 500 | 1.62 | 1.39 |
| Max drawdown (3Y) | -94.8% | -98.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RANI | TVRD |
|---|---|---|
| 2022 | -63.9% | -11.8% |
| 2023 | -43.7% | -93.1% |
| 2024 | -58.7% | -31.4% |
| 2025 | -1.5% | -76.6% |
| 2026 | -36.7% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RANI and TVRD good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between RANI and TVRD?
As of 2026-08-27, the correlation of weekly returns between RANI and TVRD is -0.32 over 3 years, -0.57 over 1 year and -0.25 over 5 years.
Is TVRD a good diversifier for RANI?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/rani-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rani-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RANI correlations · TVRD correlations
