ANIX vs DBI: Correlation
How closely do Anixa Biosciences, Inc. (ANIX) and Designer Brands Inc. (DBI) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIX and DBI?
Across a 3-year window, the weekly returns of ANIX and DBI correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Stretching to 5 years gives -0.09, with an annualized covariance of -1129.8 %².
DBI is close to the least connected end of ANIX's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with DBI ahead by 28.5 points (+22.0% versus +50.5%).
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 DBI: side by side
| ANIX (Anixa Biosciences, Inc.) | DBI (Designer Brands Inc.) | |
|---|---|---|
| 1-year return | +22.0% | +50.5% |
| 5-year return | -34.3% | -60.6% |
| Volatility (ann.) | 57.0% | 82.9% |
| Beta vs S&P 500 | 0.60 | 1.72 |
| Max drawdown (3Y) | -57.6% | -81.7% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 26.0 |
| Dividend yield | 0.00% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIX | DBI |
|---|---|---|
| 2022 | +43.1% | -30.1% |
| 2023 | -8.7% | -7.7% |
| 2024 | -40.2% | -38.0% |
| 2025 | +34.5% | +46.5% |
| 2026 | +15.4% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIX and DBI good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANIX and DBI?
The ANIX/DBI correlation stands at -0.24 on a 3-year window (1 year: -0.35, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is DBI a good diversifier for ANIX?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/anix-vs-dbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anix-vs-dbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANIX correlations · DBI correlations
