AGO vs PCRX: Correlation
Assured Guaranty Ltd. (AGO) and Pacira BioSciences, Inc. (PCRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGO and PCRX?
On 3 years of weekly data the AGO/PCRX correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. The 5-year figure is 0.27, and annualized covariance runs at 417.8 %².
Within AGO's tracked universe of 14 assets, PCRX comes in at #6 by 3-year correlation. Over the last 12 months PCRX came out ahead by 5.1 percentage points (-6.2% against -1.1%). Risk is not evenly split, since PCRX carries 2.3 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.
AGO vs PCRX: side by side
| AGO (Assured Guaranty Ltd.) | PCRX (Pacira BioSciences, Inc.) | |
|---|---|---|
| 1-year return | -6.2% | -1.1% |
| 5-year return | +64.9% | -56.2% |
| Volatility (ann.) | 21.4% | 50.0% |
| Beta vs S&P 500 | 0.51 | 0.71 |
| Max drawdown (3Y) | -22.0% | -67.9% |
| Market cap | $3.3B | $1.0B |
| P/E (trailing) | 10.1 | 73.8 |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGO | PCRX |
|---|---|---|
| 2022 | +26.2% | -35.8% |
| 2023 | +22.5% | -12.6% |
| 2024 | +22.1% | -44.2% |
| 2025 | +0.6% | +37.4% |
| 2026 | -14.4% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGO and PCRX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGO and PCRX?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.27 over 5 years.
Is PCRX a good diversifier for AGO?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ago-vs-pcrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ago-vs-pcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGO correlations · PCRX correlations
