ABLV vs PLRX: Correlation
Measured on weekly returns over the past three years, Able View Global Inc. - Class B (ABLV) and Pliant Therapeutics, Inc. (PLRX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABLV and PLRX?
Across a 3-year window, the weekly returns of ABLV and PLRX correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.28). Stretching to 5 years gives -0.24, with an annualized covariance of -2765.7 %².
Out of 10 assets tracked against ABLV, PLRX lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with ABLV ahead by 53.2 points (+21.2% versus -32.0%). Risk is not evenly split, since ABLV carries 1.8 times the volatility of the other side.
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.
ABLV vs PLRX: side by side
| ABLV (Able View Global Inc. - Class B) | PLRX (Pliant Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +21.2% | -32.0% |
| 5-year return | n/a | -93.6% |
| Volatility (ann.) | 132.4% | 74.8% |
| Beta vs S&P 500 | 0.43 | 1.32 |
| Max drawdown (3Y) | -88.1% | -94.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABLV | PLRX |
|---|---|---|
| 2022 | – | +43.2% |
| 2023 | -73.5% | -6.3% |
| 2024 | -72.3% | -27.3% |
| 2025 | -9.6% | -90.7% |
| 2026 | +52.4% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABLV and PLRX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABLV and PLRX?
As of 2026-08-27, the correlation of weekly returns between ABLV and PLRX is -0.28 over 3 years, -0.08 over 1 year and -0.24 over 5 years.
Is PLRX a good diversifier for ABLV?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/ablv-vs-plrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ablv-vs-plrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABLV correlations · PLRX correlations
