SRL vs TPST: Correlation
Scully Royalty Ltd. (SRL) and Tempest Therapeutics, Inc. (TPST) 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 SRL and TPST?
Over the past 3 years, SRL and TPST moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.21). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -8285.3 %².
TPST is close to the least connected end of SRL's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with SRL ahead by 100.2 points (+10.2% versus -90.0%). Risk is not evenly split, since TPST carries 15.7 times the volatility of the other side.
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.
SRL vs TPST: side by side
| SRL (Scully Royalty Ltd.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.2% | -90.0% |
| 5-year return | -40.6% | -99.4% |
| Volatility (ann.) | 50.0% | 782.8% |
| Beta vs S&P 500 | 0.34 | 1.97 |
| Max drawdown (3Y) | -51.2% | -99.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRL | TPST |
|---|---|---|
| 2022 | -4.5% | -78.2% |
| 2023 | -19.1% | +282.6% |
| 2024 | +51.6% | -81.0% |
| 2025 | -4.5% | -73.6% |
| 2026 | -31.7% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRL and TPST good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between SRL and TPST?
The SRL/TPST correlation stands at -0.21 on a 3-year window (1 year: 0.09, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for SRL?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SRL correlations · TPST correlations
