AMIX vs EMA: Correlation
Measured on weekly returns over the past three years, Autonomix Medical, Inc. (AMIX) and Emera Incorporated (EMA) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMIX and EMA?
On 3 years of weekly data the AMIX/EMA correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -707.1 %².
Among the 23 assets we track against AMIX, EMA ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EMA outperformed by 84.8 percentage points (-77.3% for AMIX against +7.5% for EMA). One caveat on sizing: AMIX is 10.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AMIX vs EMA: side by side
| AMIX (Autonomix Medical, Inc.) | EMA (Emera Incorporated) | |
|---|---|---|
| 1-year return | -77.3% | +7.5% |
| 5-year return | n/a | +34.4% |
| Volatility (ann.) | 183.2% | 17.4% |
| Beta vs S&P 500 | 1.55 | 0.10 |
| Max drawdown (3Y) | -99.9% | -19.6% |
| Market cap | – | $15.4B |
| P/E (trailing) | – | 22.2 |
| Dividend yield | 0.00% | 5.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMIX | EMA |
|---|---|---|
| 2022 | – | -19.3% |
| 2023 | – | +3.5% |
| 2024 | – | +6.3% |
| 2025 | -85.4% | +36.6% |
| 2026 | -51.3% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMIX and EMA good diversifiers for each other?
Yes. With a correlation of -0.24, AMIX and EMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMIX and EMA?
The AMIX/EMA correlation stands at -0.24 on a 3-year window (1 year: -0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EMA a good diversifier for AMIX?
Yes. With a correlation of -0.24, AMIX and EMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/amix-vs-ema.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amix-vs-ema/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMIX correlations · EMA correlations
