RIGL vs VEEA: Correlation
Rigel Pharmaceuticals, Inc. (RIGL) and Veea Inc. (VEEA) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIGL and VEEA?
Across a 3-year window, the weekly returns of RIGL and VEEA correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -1453.7 %².
VEEA is close to the least connected end of RIGL's tracked universe, ranking #10 of 13. The last year tells two different stories: RIGL led by 101.3 percentage points, +17.9% for RIGL against -83.4% for VEEA.
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.
RIGL vs VEEA: side by side
| RIGL (Rigel Pharmaceuticals, Inc.) | VEEA (Veea Inc.) | |
|---|---|---|
| 1-year return | +17.9% | -83.4% |
| 5-year return | +23.3% | -99.0% |
| Volatility (ann.) | 76.9% | 89.4% |
| Beta vs S&P 500 | 1.98 | 1.23 |
| Max drawdown (3Y) | -50.8% | -99.2% |
| Market cap | $0.9B | – |
| P/E (trailing) | 2.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RIGL | VEEA |
|---|---|---|
| 2022 | -43.4% | +3.6% |
| 2023 | -3.3% | +7.6% |
| 2024 | +16.0% | -64.9% |
| 2025 | +154.6% | -83.3% |
| 2026 | +9.4% | -84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIGL and VEEA good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RIGL and VEEA?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.20 over the last year and -0.15 over 5 years.
Is VEEA a good diversifier for RIGL?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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: RIGL correlations · VEEA correlations
