APYX vs IBAC: Correlation
Measured on weekly returns over the past three years, Apyx Medical Corporation (APYX) and IB Acquisition Corp. (IBAC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APYX and IBAC?
Over the past 3 years, APYX and IBAC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.24 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -39.9 %².
Among the 10 assets we track against APYX, IBAC sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with APYX ahead by 48.2 points (+51.5% versus +3.3%). Risk is not evenly split, since APYX carries 40.8 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.
APYX vs IBAC: side by side
| APYX (Apyx Medical Corporation) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +51.5% | +3.3% |
| 5-year return | -73.8% | n/a |
| Volatility (ann.) | 85.7% | 2.1% |
| Beta vs S&P 500 | 1.70 | -0.00 |
| Max drawdown (3Y) | -81.6% | -3.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APYX | IBAC |
|---|---|---|
| 2022 | -81.7% | – |
| 2023 | +12.0% | – |
| 2024 | -39.7% | – |
| 2025 | +121.5% | +3.7% |
| 2026 | -14.3% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APYX and IBAC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APYX and IBAC?
The APYX/IBAC correlation stands at -0.24 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IBAC a good diversifier for APYX?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: APYX correlations · IBAC correlations
