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REVB vs WATT: Correlation

How closely do Revelation Biosciences, Inc. (REVB) and Energous Corporation (WATT) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.40
moderate
Correlation (1Y)
-0.05
last 12 months
Correlation (5Y)
0.29
long-run
Ann. covariance
5325.2
%² · weekly, annualized

How correlated are REVB and WATT?

On 3 years of weekly data the REVB/WATT correlation comes out at 0.40, moderate. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.40). The 5-year figure is 0.29, and annualized covariance runs at 5325.2 %².

By 3-year correlation, WATT places #4 of the 10 assets tracked against REVB. The last year tells two different stories: WATT led by 137.2 percentage points, -90.6% for REVB against +46.6% for WATT.

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.

REVB vs WATT: side by side

REVB (Revelation Biosciences, Inc.)WATT (Energous Corporation)
1-year return-90.6%+46.6%
5-year return-100.0%-99.2%
Volatility (ann.)113.3%117.2%
Beta vs S&P 5000.651.35
Max drawdown (3Y)-100.0%-95.3%
Market cap$0.1B
P/E (trailing)0.0
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: WATT -95.3% vs -100.0%Higher 5y return: WATT -99.2% vs -100.0%
-92%0%+404%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. REVB · WATT

Year-by-year returns

YearREVBWATT
2022-98.1%-33.1%
2023-92.5%-89.1%
2024-96.9%-44.8%
2025-96.4%-86.8%
2026-67.8%+196.5%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are REVB and WATT good diversifiers for each other?

Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.

FAQ

What is the correlation between REVB and WATT?

The REVB/WATT correlation stands at 0.40 on a 3-year window (1 year: -0.05, 5 years: 0.29), computed from weekly returns as of 2026-08-27.

Is WATT a good diversifier for REVB?

Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.

What does a correlation of 0.40 mean?

On the −1 to +1 scale, 0.40 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.

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REVB vs WATT: 3-year weekly correlation 0.40REVB vs WATT0.40

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Hubs: REVB correlations · WATT correlations