ACXP vs GSIW: Correlation
How closely do Acurx Pharmaceuticals, Inc. (ACXP) and Garden Stage Limited - Class A (GSIW) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and GSIW?
On 3 years of weekly data the ACXP/GSIW correlation comes out at 0.31, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.31). The 5-year figure is n/a, and annualized covariance runs at 7747.0 %².
Within ACXP's tracked universe of 32 assets, GSIW comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GSIW outperformed by 45.5 percentage points (-70.0% for ACXP against -24.5% for GSIW).
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 GSIW: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | GSIW (Garden Stage Limited - Class A) | |
|---|---|---|
| 1-year return | -70.0% | -24.5% |
| 5-year return | -98.5% | n/a |
| Volatility (ann.) | 170.6% | 159.9% |
| Beta vs S&P 500 | -0.66 | 1.06 |
| Max drawdown (3Y) | -98.8% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | GSIW |
|---|---|---|
| 2022 | -7.9% | – |
| 2023 | -3.8% | – |
| 2024 | -78.7% | -91.5% |
| 2025 | -84.7% | -80.6% |
| 2026 | -41.4% | -41.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and GSIW good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACXP and GSIW?
The ACXP/GSIW correlation stands at 0.31 on a 3-year window (1 year: 0.58, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GSIW a good diversifier for ACXP?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ACXP correlations · GSIW correlations
