TPST vs VLTO: Correlation
How closely do Tempest Therapeutics, Inc. (TPST) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPST and VLTO?
Across a 3-year window, the weekly returns of TPST and VLTO correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -3541.8 %².
By 3-year correlation, VLTO places #13 of the 31 assets tracked against TPST. Correlation aside, the last 12 months split them widely, with VLTO ahead by 82.1 points (-90.0% versus -7.9%). Note the risk asymmetry: TPST runs 36.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TPST vs VLTO: side by side
| TPST (Tempest Therapeutics, Inc.) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -90.0% | -7.9% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 782.8% | 21.2% |
| Beta vs S&P 500 | 1.97 | 0.66 |
| Max drawdown (3Y) | -99.3% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | TPST | VLTO |
|---|---|---|
| 2022 | -78.2% | – |
| 2023 | +282.6% | – |
| 2024 | -81.0% | +24.3% |
| 2025 | -73.6% | -1.6% |
| 2026 | -62.4% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPST and VLTO 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 TPST and VLTO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is VLTO a good diversifier for TPST?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tpst-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tpst-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TPST correlations · VLTO correlations
