ABEO vs CTMX: Correlation
How closely do Abeona Therapeutics Inc. (ABEO) and CytomX Therapeutics, Inc. (CTMX) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABEO and CTMX?
Across a 3-year window, the weekly returns of ABEO and CTMX correlate at 0.43, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.43). Stretching to 5 years gives 0.25, with an annualized covariance of 4560.1 %².
Within ABEO's tracked universe of 10 assets, CTMX comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTMX ahead by 77.7 points (-12.5% versus +65.2%). Note the risk asymmetry: CTMX runs 2.1 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.
ABEO vs CTMX: side by side
| ABEO (Abeona Therapeutics Inc.) | CTMX (CytomX Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -12.5% | +65.2% |
| 5-year return | -81.1% | -32.5% |
| Volatility (ann.) | 70.8% | 151.3% |
| Beta vs S&P 500 | 1.33 | 2.53 |
| Max drawdown (3Y) | -63.5% | -91.6% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABEO | CTMX |
|---|---|---|
| 2022 | -63.8% | -63.0% |
| 2023 | +62.7% | -3.1% |
| 2024 | +11.2% | -33.5% |
| 2025 | -5.4% | +313.6% |
| 2026 | +14.6% | -19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABEO and CTMX good diversifiers for each other?
Reasonably. At 0.43, ABEO and CTMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABEO and CTMX?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.31 over the last year and 0.25 over 5 years.
Is CTMX a good diversifier for ABEO?
Reasonably. At 0.43, ABEO and CTMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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: ABEO correlations · CTMX correlations
