ABOS vs NGNE: Correlation
Measured on weekly returns over the past three years, Acumen Pharmaceuticals, Inc. (ABOS) and Neurogene Inc. (NGNE) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABOS and NGNE?
Across a 3-year window, the weekly returns of ABOS and NGNE correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.50). Stretching to 5 years gives 0.34, with an annualized covariance of 4230.2 %².
Within ABOS's tracked universe of 19 assets, NGNE comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABOS outperformed by 25.8 percentage points (+118.0% for ABOS against +92.2% for NGNE).
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.
ABOS vs NGNE: side by side
| ABOS (Acumen Pharmaceuticals, Inc.) | NGNE (Neurogene Inc.) | |
|---|---|---|
| 1-year return | +118.0% | +92.2% |
| 5-year return | -83.9% | -76.7% |
| Volatility (ann.) | 82.5% | 102.1% |
| Beta vs S&P 500 | 2.30 | 2.68 |
| Max drawdown (3Y) | -85.8% | -89.7% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABOS | NGNE |
|---|---|---|
| 2022 | -20.1% | -89.4% |
| 2023 | -28.9% | +90.4% |
| 2024 | -55.2% | +18.0% |
| 2025 | +22.7% | -9.9% |
| 2026 | +43.6% | +83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABOS and NGNE good diversifiers for each other?
Only partially. A correlation of 0.50 means ABOS and NGNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ABOS and NGNE?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.61 over the last year and 0.34 over 5 years.
Is NGNE a good diversifier for ABOS?
Only partially. A correlation of 0.50 means ABOS and NGNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/abos-vs-ngne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abos-vs-ngne/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABOS correlations · NGNE correlations
