ACXP vs REED: Correlation
Acurx Pharmaceuticals, Inc. (ACXP) and Reed's, Inc. (REED) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and REED?
Across a 3-year window, the weekly returns of ACXP and REED correlate at 0.35, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.35). Stretching to 5 years gives 0.29, with an annualized covariance of 6322.6 %².
Within ACXP's tracked universe of 32 assets, REED comes in at #6 by 3-year correlation. On 12-month performance ACXP holds a 14.1-point edge, -70.0% against -84.1%. One caveat on sizing: ACXP is 1.6 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 REED: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | -70.0% | -84.1% |
| 5-year return | -98.5% | -99.5% |
| Volatility (ann.) | 170.6% | 104.6% |
| Beta vs S&P 500 | -0.66 | -0.39 |
| Max drawdown (3Y) | -98.8% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | REED |
|---|---|---|
| 2022 | -7.9% | -80.6% |
| 2023 | -3.8% | -54.3% |
| 2024 | -78.7% | -60.6% |
| 2025 | -84.7% | -44.4% |
| 2026 | -41.4% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and REED good diversifiers for each other?
Reasonably. At 0.35, ACXP and REED keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACXP and REED?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.55 over the last year and 0.29 over 5 years.
Is REED a good diversifier for ACXP?
Reasonably. At 0.35, ACXP and REED keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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-reed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acxp-vs-reed/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACXP correlations · REED correlations
