AGX vs BCTX: Correlation
How closely do Argan, Inc. (AGX) and BriaCell Therapeutics Corp. (BCTX) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGX and BCTX?
Over the past 3 years, AGX and BCTX moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -8507.7 %².
BCTX is close to the least connected end of AGX's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months AGX outperformed by 154.9 percentage points (+103.7% for AGX against -51.2% for BCTX). Note the risk asymmetry: BCTX runs 12.1 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.
AGX vs BCTX: side by side
| AGX (Argan, Inc.) | BCTX (BriaCell Therapeutics Corp.) | |
|---|---|---|
| 1-year return | +103.7% | -51.2% |
| 5-year return | +1008.1% | -94.5% |
| Volatility (ann.) | 55.9% | 676.8% |
| Beta vs S&P 500 | 0.92 | -1.17 |
| Max drawdown (3Y) | -43.7% | -96.3% |
| Market cap | $6.4B | – |
| P/E (trailing) | 40.4 | – |
| Dividend yield | 0.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGX | BCTX |
|---|---|---|
| 2022 | -2.0% | -47.2% |
| 2023 | +30.2% | +33.9% |
| 2024 | +198.3% | -90.4% |
| 2025 | +130.6% | +27.0% |
| 2026 | +47.2% | -47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGX and BCTX good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGX and BCTX?
The AGX/BCTX correlation stands at -0.23 on a 3-year window (1 year: -0.29, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is BCTX a good diversifier for AGX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/agx-vs-bctx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agx-vs-bctx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGX correlations · BCTX correlations
