ANGO vs CRMD: Correlation
How closely do AngioDynamics, Inc. (ANGO) and CorMedix Inc. (CRMD) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGO and CRMD?
On 3 years of weekly data the ANGO/CRMD correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 1336.9 %².
Among the 11 assets we track against ANGO, CRMD ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ANGO ahead by 98.8 points (+57.6% versus -41.2%).
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.
ANGO vs CRMD: side by side
| ANGO (AngioDynamics, Inc.) | CRMD (CorMedix Inc.) | |
|---|---|---|
| 1-year return | +57.6% | -41.2% |
| 5-year return | -44.6% | +33.4% |
| Volatility (ann.) | 50.1% | 74.6% |
| Beta vs S&P 500 | 0.26 | 1.50 |
| Max drawdown (3Y) | -37.3% | -62.3% |
| Market cap | $0.7B | $0.6B |
| P/E (trailing) | – | 3.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGO | CRMD |
|---|---|---|
| 2022 | -50.1% | -7.3% |
| 2023 | -43.1% | -10.9% |
| 2024 | +16.8% | +115.4% |
| 2025 | +40.2% | +43.6% |
| 2026 | +22.9% | -28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGO and CRMD good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANGO and CRMD?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.36 over the last year and 0.27 over 5 years.
Is CRMD a good diversifier for ANGO?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/ango-vs-crmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ango-vs-crmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANGO correlations · CRMD correlations
