ARMP vs MOH: Correlation
How closely do Armata Pharmaceuticals, Inc. (ARMP) and Molina Healthcare Inc (MOH) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARMP and MOH?
On 3 years of weekly data the ARMP/MOH correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -1016.6 %².
Out of 10 assets tracked against ARMP, MOH lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with ARMP ahead by 109.7 points (+122.5% versus +12.8%). One caveat on sizing: ARMP is 2.1 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.
ARMP vs MOH: side by side
| ARMP (Armata Pharmaceuticals, Inc.) | MOH (Molina Healthcare Inc) | |
|---|---|---|
| 1-year return | +122.5% | +12.8% |
| 5-year return | +48.0% | -25.1% |
| Volatility (ann.) | 95.4% | 44.8% |
| Beta vs S&P 500 | 0.63 | -0.03 |
| Max drawdown (3Y) | -78.5% | -70.8% |
| Market cap | $0.2B | $10.4B |
| P/E (trailing) | – | 1242.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARMP | MOH |
|---|---|---|
| 2022 | -77.4% | +3.8% |
| 2023 | +161.3% | +9.4% |
| 2024 | -42.9% | -19.4% |
| 2025 | +239.5% | -40.4% |
| 2026 | -13.5% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARMP and MOH good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARMP and MOH?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.29 over the last year and -0.16 over 5 years.
Is MOH a good diversifier for ARMP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/armp-vs-moh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/armp-vs-moh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARMP correlations · MOH correlations
