AMLX vs HOWL: Correlation
Measured on weekly returns over the past three years, Amylyx Pharmaceuticals, Inc. (AMLX) and Werewolf Therapeutics, Inc. (HOWL) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMLX and HOWL?
Over the past 3 years, AMLX and HOWL moved with a correlation of 0.47, which is moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.47). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 5683.5 %².
HOWL is one of the assets that tracks AMLX most closely: it ranks #3 out of the 17 assets we track against AMLX. Correlation aside, the last 12 months split them widely, with AMLX ahead by 320.4 points (+293.4% versus -27.0%).
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.
AMLX vs HOWL: side by side
| AMLX (Amylyx Pharmaceuticals, Inc.) | HOWL (Werewolf Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +293.4% | -27.0% |
| 5-year return | +105.8% | -94.4% |
| Volatility (ann.) | 97.8% | 124.1% |
| Beta vs S&P 500 | 1.29 | 1.39 |
| Max drawdown (3Y) | -92.6% | -96.1% |
| Market cap | $4.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMLX | HOWL |
|---|---|---|
| 2022 | – | -82.8% |
| 2023 | -60.2% | +88.3% |
| 2024 | -74.3% | -61.7% |
| 2025 | +219.6% | -57.2% |
| 2026 | +207.8% | +53.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMLX and HOWL good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMLX and HOWL?
The AMLX/HOWL correlation stands at 0.47 on a 3-year window (1 year: 0.69, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is HOWL a good diversifier for AMLX?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/amlx-vs-howl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amlx-vs-howl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMLX correlations · HOWL correlations
