VELO vs WYNN: Correlation
Measured on weekly returns over the past three years, Velo3D, Inc. (VELO) and Wynn Resorts (WYNN) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and WYNN?
Over the past 3 years, VELO and WYNN moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.00 versus -0.16 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1415.6 %².
Within VELO's tracked universe of 84 assets, WYNN comes in at #20 by 3-year correlation. The last year tells two different stories: VELO led by 205.2 percentage points, +181.9% for VELO against -23.3% for WYNN. Note the risk asymmetry: VELO runs 7.2 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.
VELO vs WYNN: side by side
| VELO (Velo3D, Inc.) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +181.9% | -23.3% |
| 5-year return | -99.8% | -2.9% |
| Volatility (ann.) | 249.0% | 34.7% |
| Beta vs S&P 500 | -2.66 | 0.88 |
| Max drawdown (3Y) | -99.8% | -37.8% |
| Market cap | $0.4B | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | VELO | WYNN |
|---|---|---|
| 2022 | -77.1% | -3.0% |
| 2023 | -77.8% | +11.3% |
| 2024 | -95.2% | -4.4% |
| 2025 | +35.7% | +41.0% |
| 2026 | -6.0% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and WYNN good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between VELO and WYNN?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.00 over the last year and -0.04 over 5 years.
Is WYNN a good diversifier for VELO?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/velo-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/velo-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VELO correlations · WYNN correlations
