TPST vs WLY: Correlation
Measured on weekly returns over the past three years, Tempest Therapeutics, Inc. (TPST) and John Wiley & Sons, Inc. (WLY) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPST and WLY?
On 3 years of weekly data the TPST/WLY correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.24). The 5-year figure is -0.17, and annualized covariance runs at -6276.8 %².
Among the 31 assets we track against TPST, WLY ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WLY ahead by 128.2 points (-90.0% versus +38.2%). One caveat on sizing: TPST is 23.2 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.
TPST vs WLY: side by side
| TPST (Tempest Therapeutics, Inc.) | WLY (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | -90.0% | +38.2% |
| 5-year return | -99.4% | +10.0% |
| Volatility (ann.) | 782.8% | 33.8% |
| Beta vs S&P 500 | 1.97 | 0.50 |
| Max drawdown (3Y) | -99.3% | -43.3% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 2.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TPST | WLY |
|---|---|---|
| 2022 | -78.2% | -27.8% |
| 2023 | +282.6% | -17.5% |
| 2024 | -81.0% | +42.2% |
| 2025 | -73.6% | -27.2% |
| 2026 | -62.4% | +79.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPST and WLY good diversifiers for each other?
Yes. With a correlation of -0.24, TPST and WLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TPST and WLY?
As of 2026-08-27, the correlation of weekly returns between TPST and WLY is -0.24 over 3 years, 0.01 over 1 year and -0.17 over 5 years.
Is WLY a good diversifier for TPST?
Yes. With a correlation of -0.24, TPST and WLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-wly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tpst-vs-wly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TPST correlations · WLY correlations
