APGE vs SLSN: Correlation
Measured on weekly returns over the past three years, Apogee Therapeutics, Inc. (APGE) and Solesence, Inc. (SLSN) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APGE and SLSN?
Across a 3-year window, the weekly returns of APGE and SLSN correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.25 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -2169.4 %².
SLSN is close to the least connected end of APGE's tracked universe, ranking #13 of 14. Correlation aside, the last 12 months split them widely, with APGE ahead by 330.5 points (+257.1% versus -73.4%).
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.
APGE vs SLSN: side by side
| APGE (Apogee Therapeutics, Inc.) | SLSN (Solesence, Inc.) | |
|---|---|---|
| 1-year return | +257.1% | -73.4% |
| 5-year return | n/a | -58.3% |
| Volatility (ann.) | 82.6% | 103.9% |
| Beta vs S&P 500 | 1.06 | 1.53 |
| Max drawdown (3Y) | -58.8% | -87.7% |
| Market cap | $10.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APGE | SLSN |
|---|---|---|
| 2022 | – | -74.3% |
| 2023 | – | -46.9% |
| 2024 | +62.1% | +306.7% |
| 2025 | +66.6% | -34.4% |
| 2026 | +78.8% | -40.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APGE and SLSN good diversifiers for each other?
Yes. With a correlation of -0.25, APGE and SLSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APGE and SLSN?
As of 2026-08-27, the correlation of weekly returns between APGE and SLSN is -0.25 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is SLSN a good diversifier for APGE?
Yes. With a correlation of -0.25, APGE and SLSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: APGE correlations · SLSN correlations
