ALT vs ANIX: Correlation
How closely do Altimmune, Inc. (ALT) and Anixa Biosciences, Inc. (ANIX) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALT and ANIX?
Across a 3-year window, the weekly returns of ALT and ANIX correlate at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 1733.7 %².
Within ALT's tracked universe of 13 assets, ANIX comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ANIX ahead by 33.7 points (-11.7% versus +22.0%). Risk is not evenly split, since ALT carries 1.7 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.
ALT vs ANIX: side by side
| ALT (Altimmune, Inc.) | ANIX (Anixa Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -11.7% | +22.0% |
| 5-year return | -77.0% | -34.3% |
| Volatility (ann.) | 94.4% | 57.0% |
| Beta vs S&P 500 | 1.91 | 0.60 |
| Max drawdown (3Y) | -81.2% | -57.6% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALT | ANIX |
|---|---|---|
| 2022 | +79.6% | +43.1% |
| 2023 | -31.6% | -8.7% |
| 2024 | -35.9% | -40.2% |
| 2025 | -49.9% | +34.5% |
| 2026 | -10.2% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALT and ANIX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALT and ANIX?
As of 2026-08-27, the correlation of weekly returns between ALT and ANIX is 0.32 over 3 years, 0.27 over 1 year and 0.16 over 5 years.
Is ANIX a good diversifier for ALT?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/alt-vs-anix.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alt-vs-anix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALT correlations · ANIX correlations
