TPST vs WLYB: Correlation
Tempest Therapeutics, Inc. (TPST) and John Wiley & Sons, Inc. (WLYB) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPST and WLYB?
Across a 3-year window, the weekly returns of TPST and WLYB correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.27). Stretching to 5 years gives -0.21, with an annualized covariance of -8046.7 %².
Among the 31 assets we track against TPST, WLYB ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WLYB outperformed by 130.9 percentage points (-90.0% for TPST against +40.9% for WLYB). Note the risk asymmetry: TPST runs 20.9 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 WLYB: side by side
| TPST (Tempest Therapeutics, Inc.) | WLYB (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | -90.0% | +40.9% |
| 5-year return | -99.4% | +10.5% |
| Volatility (ann.) | 782.8% | 37.4% |
| Beta vs S&P 500 | 1.97 | 0.31 |
| Max drawdown (3Y) | -99.3% | -41.5% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TPST | WLYB |
|---|---|---|
| 2022 | -78.2% | -27.5% |
| 2023 | +282.6% | -14.7% |
| 2024 | -81.0% | +41.5% |
| 2025 | -73.6% | -27.3% |
| 2026 | -62.4% | +78.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPST and WLYB good diversifiers for each other?
Yes. With a correlation of -0.27, TPST and WLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TPST and WLYB?
As of 2026-08-27, the correlation of weekly returns between TPST and WLYB is -0.27 over 3 years, -0.02 over 1 year and -0.21 over 5 years.
Is WLYB a good diversifier for TPST?
Yes. With a correlation of -0.27, TPST and WLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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: TPST correlations · WLYB correlations
