AMST vs CODX: Correlation
Amesite Inc. (AMST) and Co-Diagnostics, Inc. (CODX) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMST and CODX?
Across a 3-year window, the weekly returns of AMST and CODX correlate at 0.56, moderate. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.56). Stretching to 5 years gives 0.46, with an annualized covariance of 14199.4 %².
Among the 15 assets we track against AMST, CODX ranks #4 by 3-year correlation. The last year tells two different stories: AMST led by 27.3 percentage points, -59.8% for AMST against -87.1% for CODX. One caveat on sizing: CODX is 1.6 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.
AMST vs CODX: side by side
| AMST (Amesite Inc.) | CODX (Co-Diagnostics, Inc.) | |
|---|---|---|
| 1-year return | -59.8% | -87.1% |
| 5-year return | -95.5% | -99.6% |
| Volatility (ann.) | 125.5% | 203.9% |
| Beta vs S&P 500 | 1.09 | 2.30 |
| Max drawdown (3Y) | -84.6% | -97.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMST | CODX |
|---|---|---|
| 2022 | -83.0% | -71.8% |
| 2023 | +7.1% | -47.2% |
| 2024 | +111.1% | -43.6% |
| 2025 | -60.2% | -77.5% |
| 2026 | -42.3% | -75.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMST and CODX good diversifiers for each other?
Only partially. A correlation of 0.56 means AMST and CODX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMST and CODX?
As of 2026-08-27, the correlation of weekly returns between AMST and CODX is 0.56 over 3 years, 0.76 over 1 year and 0.46 over 5 years.
Is CODX a good diversifier for AMST?
Only partially. A correlation of 0.56 means AMST and CODX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/amst-vs-codx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amst-vs-codx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMST correlations · CODX correlations
