APGE vs ZCMD: Correlation
Apogee Therapeutics, Inc. (APGE) and Zhongchao Inc. - Class A (ZCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APGE and ZCMD?
Over the past 3 years, APGE and ZCMD moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.25 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2938.4 %².
Out of 14 assets tracked against APGE, ZCMD lands near the bottom at #14. The last year tells two different stories: APGE led by 357.0 percentage points, +257.1% for APGE against -99.9% for ZCMD. Risk is not evenly split, since ZCMD carries 1.7 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.
APGE vs ZCMD: side by side
| APGE (Apogee Therapeutics, Inc.) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +257.1% | -99.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 82.6% | 141.8% |
| Beta vs S&P 500 | 1.06 | 0.59 |
| Max drawdown (3Y) | -58.8% | -100.0% |
| Market cap | $10.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APGE | ZCMD |
|---|---|---|
| 2022 | – | -35.4% |
| 2023 | – | -69.5% |
| 2024 | +62.1% | -53.8% |
| 2025 | +66.6% | -72.2% |
| 2026 | +78.8% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APGE and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between APGE and ZCMD?
As of 2026-08-27, the correlation of weekly returns between APGE and ZCMD is -0.25 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is ZCMD a good diversifier for APGE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/apge-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apge-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APGE correlations · ZCMD correlations
