ANTX vs PH: Correlation
AN2 Therapeutics, Inc. (ANTX) and Parker Hannifin (PH) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and PH?
On 3 years of weekly data the ANTX/PH correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.19 over 3 years. The 5-year figure is -0.03, and annualized covariance runs at -670.7 %².
By 3-year correlation, PH places #19 of the 30 assets tracked against ANTX. Correlation aside, the last 12 months split them widely, with ANTX ahead by 370.7 points (+403.5% versus +32.8%). Risk is not evenly split, since ANTX carries 4.9 times the volatility of the other side.
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.
ANTX vs PH: side by side
| ANTX (AN2 Therapeutics, Inc.) | PH (Parker Hannifin) | |
|---|---|---|
| 1-year return | +403.5% | +32.8% |
| 5-year return | -62.7% | +256.4% |
| Volatility (ann.) | 131.4% | 26.6% |
| Beta vs S&P 500 | 0.22 | 1.16 |
| Max drawdown (3Y) | -95.4% | -26.8% |
| Market cap | $0.2B | $127.5B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANTX | PH |
|---|---|---|
| 2022 | – | -6.9% |
| 2023 | +115.0% | +60.8% |
| 2024 | -93.3% | +39.6% |
| 2025 | -17.4% | +39.5% |
| 2026 | +403.5% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and PH good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANTX and PH?
As of 2026-08-27, the correlation of weekly returns between ANTX and PH is -0.19 over 3 years, -0.39 over 1 year and -0.03 over 5 years.
Is PH a good diversifier for ANTX?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/antx-vs-ph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/antx-vs-ph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANTX correlations · PH correlations
