TLPH vs WLDS: Correlation
Talphera, Inc. (TLPH) and Wearable Devices Ltd. (WLDS) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLPH and WLDS?
Over the past 3 years, TLPH and WLDS moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.47). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 20024.1 %².
In TLPH's tracked universe of 10 assets, WLDS sits right near the top at #2. The last year tells two different stories: TLPH led by 204.3 percentage points, +127.8% for TLPH against -76.5% for WLDS. One caveat on sizing: WLDS is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TLPH vs WLDS: side by side
| TLPH (Talphera, Inc.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | +127.8% | -76.5% |
| 5-year return | -94.6% | n/a |
| Volatility (ann.) | 88.9% | 475.5% |
| Beta vs S&P 500 | 1.27 | 3.22 |
| Max drawdown (3Y) | -73.5% | -99.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLPH | WLDS |
|---|---|---|
| 2022 | -79.8% | – |
| 2023 | -67.3% | -21.1% |
| 2024 | -29.7% | -68.3% |
| 2025 | +119.2% | -86.9% |
| 2026 | +7.9% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLPH and WLDS good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TLPH and WLDS?
The TLPH/WLDS correlation stands at 0.47 on a 3-year window (1 year: 0.68, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is WLDS a good diversifier for TLPH?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tlph-vs-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tlph-vs-wlds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TLPH correlations · WLDS correlations
