ACXP vs HOG: Correlation
Measured on weekly returns over the past three years, Acurx Pharmaceuticals, Inc. (ACXP) and Harley-Davidson, Inc. (HOG) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and HOG?
On 3 years of weekly data the ACXP/HOG correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.20). The 5-year figure is -0.11, and annualized covariance runs at -1151.2 %².
Among the 32 assets we track against ACXP, HOG ranks #13 by 3-year correlation. The last year tells two different stories: HOG led by 68.6 percentage points, -70.0% for ACXP against -1.4% for HOG. Risk is not evenly split, since ACXP carries 5.0 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 HOG: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | HOG (Harley-Davidson, Inc.) | |
|---|---|---|
| 1-year return | -70.0% | -1.4% |
| 5-year return | -98.5% | -22.1% |
| Volatility (ann.) | 170.6% | 34.2% |
| Beta vs S&P 500 | -0.66 | 0.91 |
| Max drawdown (3Y) | -98.8% | -58.7% |
| Market cap | – | $2.9B |
| P/E (trailing) | – | 15.5 |
| Dividend yield | 0.00% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | HOG |
|---|---|---|
| 2022 | -7.9% | +12.1% |
| 2023 | -3.8% | -9.8% |
| 2024 | -78.7% | -16.6% |
| 2025 | -84.7% | -30.1% |
| 2026 | -41.4% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and HOG good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACXP and HOG?
As of 2026-08-27, the correlation of weekly returns between ACXP and HOG is -0.20 over 3 years, -0.35 over 1 year and -0.11 over 5 years.
Is HOG a good diversifier for ACXP?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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 · HOG correlations
