ACXP vs TPST: Correlation
Measured on weekly returns over the past three years, Acurx Pharmaceuticals, Inc. (ACXP) and Tempest Therapeutics, Inc. (TPST) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and TPST?
Across a 3-year window, the weekly returns of ACXP and TPST correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.44). Stretching to 5 years gives 0.41, with an annualized covariance of 58211.6 %².
In ACXP's tracked universe of 32 assets, TPST sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months ACXP outperformed by 20.0 percentage points (-70.0% for ACXP against -90.0% for TPST). Note the risk asymmetry: TPST runs 4.6 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 TPST: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -70.0% | -90.0% |
| 5-year return | -98.5% | -99.4% |
| Volatility (ann.) | 170.6% | 782.8% |
| Beta vs S&P 500 | -0.66 | 1.97 |
| Max drawdown (3Y) | -98.8% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | TPST |
|---|---|---|
| 2022 | -7.9% | -78.2% |
| 2023 | -3.8% | +282.6% |
| 2024 | -78.7% | -81.0% |
| 2025 | -84.7% | -73.6% |
| 2026 | -41.4% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and TPST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACXP and TPST?
As of 2026-08-27, the correlation of weekly returns between ACXP and TPST is 0.44 over 3 years, 0.07 over 1 year and 0.41 over 5 years.
Is TPST a good diversifier for ACXP?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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 · TPST correlations
