ACXP vs AMRX: Correlation
Measured on weekly returns over the past three years, Acurx Pharmaceuticals, Inc. (ACXP) and Amneal Pharmaceuticals, Inc. (AMRX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and AMRX?
Over the past 3 years, ACXP and AMRX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -1360.5 %².
Among the 32 assets we track against ACXP, AMRX ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMRX outperformed by 162.4 percentage points (-70.0% for ACXP against +92.4% for AMRX). Risk is not evenly split, since ACXP carries 4.6 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.
ACXP vs AMRX: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | AMRX (Amneal Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -70.0% | +92.4% |
| 5-year return | -98.5% | +243.0% |
| Volatility (ann.) | 170.6% | 36.9% |
| Beta vs S&P 500 | -0.66 | 0.86 |
| Max drawdown (3Y) | -98.8% | -24.6% |
| Market cap | – | $6.3B |
| P/E (trailing) | – | 37.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | AMRX |
|---|---|---|
| 2022 | -7.9% | -58.5% |
| 2023 | -3.8% | +205.0% |
| 2024 | -78.7% | +30.5% |
| 2025 | -84.7% | +59.1% |
| 2026 | -41.4% | +42.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and AMRX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACXP and AMRX?
The ACXP/AMRX correlation stands at -0.22 on a 3-year window (1 year: -0.32, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is AMRX a good diversifier for ACXP?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: ACXP correlations · AMRX correlations
