ASTC vs SNGX: Correlation
Astrotech Corporation (ASTC) and Soligenix, Inc. (SNGX) 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 ASTC and SNGX?
On 3 years of weekly data the ASTC/SNGX correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.38). The 5-year figure is 0.36, and annualized covariance runs at 94072.9 %².
Among the 47 assets we track against ASTC, SNGX ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASTC ahead by 124.8 points (+37.5% versus -87.3%). Note the risk asymmetry: ASTC runs 5.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ASTC vs SNGX: side by side
| ASTC (Astrotech Corporation) | SNGX (Soligenix, Inc.) | |
|---|---|---|
| 1-year return | +37.5% | -87.3% |
| 5-year return | -78.4% | -99.8% |
| Volatility (ann.) | 1206.9% | 205.9% |
| Beta vs S&P 500 | 4.81 | 0.50 |
| Max drawdown (3Y) | -87.5% | -98.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | SNGX |
|---|---|---|
| 2022 | -51.0% | -31.8% |
| 2023 | -15.0% | -88.7% |
| 2024 | -20.8% | -77.8% |
| 2025 | -48.5% | -50.4% |
| 2026 | +105.8% | -71.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and SNGX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASTC and SNGX?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.76 over the last year and 0.36 over 5 years.
Is SNGX a good diversifier for ASTC?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/astc-vs-sngx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/astc-vs-sngx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTC correlations · SNGX correlations
