ACXP vs MKC: Correlation
How closely do Acurx Pharmaceuticals, Inc. (ACXP) and McCormick & Company (MKC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and MKC?
On 3 years of weekly data the ACXP/MKC correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.24 over 3. The 5-year figure is -0.18, and annualized covariance runs at -1079.9 %².
Within ACXP's tracked universe of 32 assets, MKC comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MKC outperformed by 49.7 percentage points (-70.0% for ACXP against -20.3% for MKC). Note the risk asymmetry: ACXP runs 6.4 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 MKC: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | -70.0% | -20.3% |
| 5-year return | -98.5% | -28.5% |
| Volatility (ann.) | 170.6% | 26.5% |
| Beta vs S&P 500 | -0.66 | 0.24 |
| Max drawdown (3Y) | -98.8% | -44.3% |
| Market cap | – | $14.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ACXP | MKC |
|---|---|---|
| 2022 | -7.9% | -12.7% |
| 2023 | -3.8% | -15.7% |
| 2024 | -78.7% | +14.0% |
| 2025 | -84.7% | -8.3% |
| 2026 | -41.4% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and MKC good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACXP and MKC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.32 over the last year and -0.18 over 5 years.
Is MKC a good diversifier for ACXP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acxp-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acxp-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACXP correlations · MKC correlations
