ACXP vs CVGI: Correlation
Acurx Pharmaceuticals, Inc. (ACXP) and Commercial Vehicle Group, Inc. (CVGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and CVGI?
Over the past 3 years, ACXP and CVGI moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.42 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 5785.5 %².
In ACXP's tracked universe of 32 assets, CVGI sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CVGI outperformed by 148.7 percentage points (-70.0% for ACXP against +78.7% for CVGI). Note the risk asymmetry: ACXP runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CVGI: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | CVGI (Commercial Vehicle Group, Inc.) | |
|---|---|---|
| 1-year return | -70.0% | +78.7% |
| 5-year return | -98.5% | -70.3% |
| Volatility (ann.) | 170.6% | 81.5% |
| Beta vs S&P 500 | -0.66 | 0.77 |
| Max drawdown (3Y) | -98.8% | -91.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | CVGI |
|---|---|---|
| 2022 | -7.9% | -15.5% |
| 2023 | -3.8% | +2.9% |
| 2024 | -78.7% | -64.6% |
| 2025 | -84.7% | -41.9% |
| 2026 | -41.4% | +120.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and CVGI good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACXP and CVGI?
As of 2026-08-27, the correlation of weekly returns between ACXP and CVGI is 0.42 over 3 years, 0.71 over 1 year and 0.36 over 5 years.
Is CVGI a good diversifier for ACXP?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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
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Related comparisons
Hubs: ACXP correlations · CVGI correlations
