ABSI vs LXRX: Correlation
Measured on weekly returns over the past three years, Absci Corporation (ABSI) and Lexicon Pharmaceuticals, Inc. (LXRX) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABSI and LXRX?
Across a 3-year window, the weekly returns of ABSI and LXRX correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.35, with an annualized covariance of 3866.2 %².
Within ABSI's tracked universe of 12 assets, LXRX comes in at #7 by 3-year correlation. The last year tells two different stories: ABSI led by 164.1 percentage points, +269.4% for ABSI against +105.3% for LXRX.
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.
ABSI vs LXRX: side by side
| ABSI (Absci Corporation) | LXRX (Lexicon Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +269.4% | +105.3% |
| 5-year return | -48.3% | -48.7% |
| Volatility (ann.) | 95.4% | 105.2% |
| Beta vs S&P 500 | 2.32 | 1.98 |
| Max drawdown (3Y) | -66.1% | -91.9% |
| Market cap | $1.6B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABSI | LXRX |
|---|---|---|
| 2022 | -74.4% | -51.5% |
| 2023 | +100.0% | -19.9% |
| 2024 | -37.6% | -51.6% |
| 2025 | +33.2% | +55.4% |
| 2026 | +169.9% | +101.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABSI and LXRX good diversifiers for each other?
Reasonably. At 0.39, ABSI and LXRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABSI and LXRX?
As of 2026-08-27, the correlation of weekly returns between ABSI and LXRX is 0.39 over 3 years, 0.06 over 1 year and 0.35 over 5 years.
Is LXRX a good diversifier for ABSI?
Reasonably. At 0.39, ABSI and LXRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/absi-vs-lxrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/absi-vs-lxrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABSI correlations · LXRX correlations
