ACXP vs HCAT: Correlation
Measured on weekly returns over the past three years, Acurx Pharmaceuticals, Inc. (ACXP) and Health Catalyst, Inc (HCAT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and HCAT?
Across a 3-year window, the weekly returns of ACXP and HCAT correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.21). Stretching to 5 years gives -0.15, with an annualized covariance of -2573.1 %².
Among the 32 assets we track against ACXP, HCAT ranks #16 by 3-year correlation. Over the last 12 months HCAT came out ahead by 13.1 percentage points (-70.0% against -56.9%). One caveat on sizing: ACXP is 2.4 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.
ACXP vs HCAT: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | HCAT (Health Catalyst, Inc) | |
|---|---|---|
| 1-year return | -70.0% | -56.9% |
| 5-year return | -98.5% | -97.0% |
| Volatility (ann.) | 170.6% | 71.7% |
| Beta vs S&P 500 | -0.66 | 1.49 |
| Max drawdown (3Y) | -98.8% | -91.6% |
| 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 | HCAT |
|---|---|---|
| 2022 | -7.9% | -73.2% |
| 2023 | -3.8% | -12.9% |
| 2024 | -78.7% | -23.7% |
| 2025 | -84.7% | -66.2% |
| 2026 | -41.4% | -33.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and HCAT good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACXP and HCAT?
As of 2026-08-27, the correlation of weekly returns between ACXP and HCAT is -0.21 over 3 years, -0.34 over 1 year and -0.15 over 5 years.
Is HCAT a good diversifier for ACXP?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acxp-vs-hcat.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acxp-vs-hcat/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACXP correlations · HCAT correlations
