AGYS vs DWTX: Correlation
Measured on weekly returns over the past three years, Agilysys, Inc. (AGYS) and Dogwood Therapeutics, Inc. (DWTX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGYS and DWTX?
Over the past 3 years, AGYS and DWTX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.29 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -4339.5 %².
DWTX is close to the least connected end of AGYS's tracked universe, ranking #10 of 10. The last year tells two different stories: AGYS led by 60.3 percentage points, +10.2% for AGYS against -50.1% for DWTX. Note the risk asymmetry: DWTX runs 6.5 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.
AGYS vs DWTX: side by side
| AGYS (Agilysys, Inc.) | DWTX (Dogwood Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.2% | -50.1% |
| 5-year return | +112.4% | -98.2% |
| Volatility (ann.) | 48.2% | 314.7% |
| Beta vs S&P 500 | 0.61 | 2.56 |
| Max drawdown (3Y) | -56.1% | -95.6% |
| Market cap | $3.4B | $0.1B |
| P/E (trailing) | 75.3 | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGYS | DWTX |
|---|---|---|
| 2022 | +78.0% | -95.4% |
| 2023 | +7.2% | +143.6% |
| 2024 | +55.3% | -82.7% |
| 2025 | -9.8% | +67.1% |
| 2026 | +1.4% | -44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGYS and DWTX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGYS and DWTX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.02 over the last year and -0.18 over 5 years.
Is DWTX a good diversifier for AGYS?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agys-vs-dwtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agys-vs-dwtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGYS correlations · DWTX correlations
