APYX vs SCL: Correlation
Apyx Medical Corporation (APYX) and Stepan Company (SCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APYX and SCL?
Across a 3-year window, the weekly returns of APYX and SCL correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.38 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 1199.5 %².
In APYX's tracked universe of 10 assets, SCL sits right near the top at #3. Correlation aside, the last 12 months split them widely, with APYX ahead by 25.3 points (+51.5% versus +26.2%). One caveat on sizing: APYX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SCL: side by side
| APYX (Apyx Medical Corporation) | SCL (Stepan Company) | |
|---|---|---|
| 1-year return | +51.5% | +26.2% |
| 5-year return | -73.8% | -40.5% |
| Volatility (ann.) | 85.7% | 36.4% |
| Beta vs S&P 500 | 1.70 | 0.93 |
| Max drawdown (3Y) | -81.6% | -54.0% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APYX | SCL |
|---|---|---|
| 2022 | -81.7% | -13.2% |
| 2023 | +12.0% | -9.7% |
| 2024 | -39.7% | -30.3% |
| 2025 | +121.5% | -24.6% |
| 2026 | -14.3% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APYX and SCL good diversifiers for each other?
Reasonably. At 0.38, APYX and SCL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APYX and SCL?
As of 2026-08-27, the correlation of weekly returns between APYX and SCL is 0.38 over 3 years, 0.16 over 1 year and 0.26 over 5 years.
Is SCL a good diversifier for APYX?
Reasonably. At 0.38, APYX and SCL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/apyx-vs-scl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apyx-vs-scl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APYX correlations · SCL correlations
