AGEN vs RAPP: Correlation
Agenus Inc. (AGEN) and Rapport Therapeutics, Inc. (RAPP) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGEN and RAPP?
Across a 3-year window, the weekly returns of AGEN and RAPP correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 4094.5 %².
Few assets follow AGEN as closely as RAPP, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with RAPP ahead by 167.5 points (+72.0% versus +239.5%).
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.
AGEN vs RAPP: side by side
| AGEN (Agenus Inc.) | RAPP (Rapport Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +72.0% | +239.5% |
| 5-year return | -94.0% | n/a |
| Volatility (ann.) | 126.6% | 89.6% |
| Beta vs S&P 500 | 2.72 | 1.91 |
| Max drawdown (3Y) | -94.7% | -75.5% |
| Market cap | $0.4B | $2.4B |
| P/E (trailing) | 2.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGEN | RAPP |
|---|---|---|
| 2022 | -25.5% | – |
| 2023 | -64.8% | – |
| 2024 | -83.5% | – |
| 2025 | +14.6% | +71.0% |
| 2026 | +148.7% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGEN and RAPP good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGEN and RAPP?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.07 over the last year and n/a over 5 years.
Is RAPP a good diversifier for AGEN?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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: AGEN correlations · RAPP correlations
