ANIX vs BEAT: Correlation
How closely do Anixa Biosciences, Inc. (ANIX) and Heartbeam, Inc. (BEAT) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIX and BEAT?
On 3 years of weekly data the ANIX/BEAT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.22). The 5-year figure is -0.08, and annualized covariance runs at -1939.9 %².
Among the 10 assets we track against ANIX, BEAT sits near the bottom by co-movement, at rank #8. The last year tells two different stories: ANIX led by 80.8 percentage points, +22.0% for ANIX against -58.8% for BEAT. One caveat on sizing: BEAT is 2.7 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.
ANIX vs BEAT: side by side
| ANIX (Anixa Biosciences, Inc.) | BEAT (Heartbeam, Inc.) | |
|---|---|---|
| 1-year return | +22.0% | -58.8% |
| 5-year return | -34.3% | -89.6% |
| Volatility (ann.) | 57.0% | 152.8% |
| Beta vs S&P 500 | 0.60 | 0.65 |
| Max drawdown (3Y) | -57.6% | -86.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIX | BEAT |
|---|---|---|
| 2022 | +43.1% | +58.4% |
| 2023 | -8.7% | -51.8% |
| 2024 | -40.2% | -2.1% |
| 2025 | +34.5% | +4.3% |
| 2026 | +15.4% | -79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIX and BEAT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANIX and BEAT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.42 over the last year and -0.08 over 5 years.
Is BEAT a good diversifier for ANIX?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anix-vs-beat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anix-vs-beat/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANIX correlations · BEAT correlations
