ACXP vs HRL: Correlation
How closely do Acurx Pharmaceuticals, Inc. (ACXP) and Hormel Foods (HRL) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and HRL?
Across a 3-year window, the weekly returns of ACXP and HRL correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.21, with an annualized covariance of -1194.9 %².
Among the 32 assets we track against ACXP, HRL ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HRL ahead by 47.2 points (-70.0% versus -22.8%). Risk is not evenly split, since ACXP carries 6.5 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 HRL: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | HRL (Hormel Foods) | |
|---|---|---|
| 1-year return | -70.0% | -22.8% |
| 5-year return | -98.5% | -44.3% |
| Volatility (ann.) | 170.6% | 26.1% |
| Beta vs S&P 500 | -0.66 | 0.07 |
| Max drawdown (3Y) | -98.8% | -44.5% |
| Market cap | – | – |
| P/E (trailing) | – | 28.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ACXP | HRL |
|---|---|---|
| 2022 | -7.9% | -4.7% |
| 2023 | -3.8% | -27.5% |
| 2024 | -78.7% | +1.2% |
| 2025 | -84.7% | -21.3% |
| 2026 | -41.4% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and HRL good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACXP and HRL?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.26 over the last year and -0.21 over 5 years.
Is HRL a good diversifier for ACXP?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: ACXP correlations · HRL correlations
