AP vs SNGX: Correlation
Measured on weekly returns over the past three years, Ampco-Pittsburgh Corporation (AP) and Soligenix, Inc. (SNGX) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AP and SNGX?
Across a 3-year window, the weekly returns of AP and SNGX correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.50). Stretching to 5 years gives 0.45, with an annualized covariance of 9770.2 %².
Few assets follow AP as closely as SNGX, which ranks #1 of 14 tracked partners. The last year tells two different stories: AP led by 319.9 percentage points, +232.6% for AP against -87.3% for SNGX. Note the risk asymmetry: SNGX runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AP vs SNGX: side by side
| AP (Ampco-Pittsburgh Corporation) | SNGX (Soligenix, Inc.) | |
|---|---|---|
| 1-year return | +232.6% | -87.3% |
| 5-year return | +90.5% | -99.8% |
| Volatility (ann.) | 94.5% | 205.9% |
| Beta vs S&P 500 | 1.63 | 0.50 |
| Max drawdown (3Y) | -77.6% | -98.2% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AP | SNGX |
|---|---|---|
| 2022 | -49.8% | -31.8% |
| 2023 | +8.8% | -88.7% |
| 2024 | -23.4% | -77.8% |
| 2025 | +155.0% | -50.4% |
| 2026 | +72.2% | -71.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AP and SNGX good diversifiers for each other?
Only partially. A correlation of 0.50 means AP and SNGX 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 AP and SNGX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.14 over the last year and 0.45 over 5 years.
Is SNGX a good diversifier for AP?
Only partially. A correlation of 0.50 means AP and SNGX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/ap-vs-sngx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ap-vs-sngx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AP correlations · SNGX correlations
