ACNT vs ANTX: Correlation
Ascent Industries Co. (ACNT) and AN2 Therapeutics, Inc. (ANTX) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and ANTX?
Over the past 3 years, ACNT and ANTX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.61) than the 3-year average (-0.32). Over 5 years the correlation is 0.00, and the annualized covariance of weekly returns is -1310.6 %².
Out of 16 assets tracked against ACNT, ANTX lands near the bottom at #12. The last year tells two different stories: ANTX led by 372.5 percentage points, +31.0% for ACNT against +403.5% for ANTX. One caveat on sizing: ANTX is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACNT vs ANTX: side by side
| ACNT (Ascent Industries Co.) | ANTX (AN2 Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +31.0% | +403.5% |
| 5-year return | +37.0% | -62.7% |
| Volatility (ann.) | 31.2% | 131.4% |
| Beta vs S&P 500 | 0.09 | 0.22 |
| Max drawdown (3Y) | -31.8% | -95.4% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | ANTX |
|---|---|---|
| 2022 | -47.2% | – |
| 2023 | +10.3% | +115.0% |
| 2024 | +16.9% | -93.3% |
| 2025 | +44.8% | -17.4% |
| 2026 | -2.4% | +403.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and ANTX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACNT and ANTX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.61 over the last year and 0.00 over 5 years.
Is ANTX a good diversifier for ACNT?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/acnt-vs-antx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acnt-vs-antx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACNT correlations · ANTX correlations
