APLM vs PRAX: Correlation
Apollomics Inc. - Class A (APLM) and Praxis Precision Medicines, Inc. (PRAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLM and PRAX?
Over the past 3 years, APLM and PRAX moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 11682.7 %².
Among the 12 assets we track against APLM, PRAX ranks #4 by 3-year correlation. The last year tells two different stories: PRAX led by 361.8 percentage points, +322.2% for APLM against +684.0% for PRAX.
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.
APLM vs PRAX: side by side
| APLM (Apollomics Inc. - Class A) | PRAX (Praxis Precision Medicines, Inc.) | |
|---|---|---|
| 1-year return | +322.2% | +684.0% |
| 5-year return | -97.3% | +28.6% |
| Volatility (ann.) | 159.8% | 170.9% |
| Beta vs S&P 500 | 0.72 | 2.13 |
| Max drawdown (3Y) | -99.2% | -68.6% |
| Market cap | $0.1B | $10.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLM | PRAX |
|---|---|---|
| 2022 | +4.3% | -87.9% |
| 2023 | -90.7% | -37.6% |
| 2024 | -89.9% | +245.4% |
| 2025 | +91.7% | +283.0% |
| 2026 | +40.7% | +24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLM and PRAX good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APLM and PRAX?
As of 2026-08-27, the correlation of weekly returns between APLM and PRAX is 0.43 over 3 years, 0.43 over 1 year and 0.32 over 5 years.
Is PRAX a good diversifier for APLM?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/aplm-vs-prax.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aplm-vs-prax/)
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Related comparisons
Hubs: APLM correlations · PRAX correlations
