ATEX vs HUBC: Correlation
Anterix Inc. (ATEX) and Hub Cyber Security Ltd. (HUBC) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEX and HUBC?
Over the past 3 years, ATEX and HUBC moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -2171.8 %².
Among the 11 assets we track against ATEX, HUBC sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with ATEX ahead by 400.5 points (+300.5% versus -100.0%). Note the risk asymmetry: HUBC runs 3.3 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.
ATEX vs HUBC: side by side
| ATEX (Anterix Inc.) | HUBC (Hub Cyber Security Ltd.) | |
|---|---|---|
| 1-year return | +300.5% | -100.0% |
| 5-year return | +66.1% | -100.0% |
| Volatility (ann.) | 57.8% | 189.4% |
| Beta vs S&P 500 | 0.47 | 1.46 |
| Max drawdown (3Y) | -57.3% | -100.0% |
| Market cap | $1.9B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEX | HUBC |
|---|---|---|
| 2022 | -45.3% | – |
| 2023 | +3.6% | -98.2% |
| 2024 | -8.0% | -68.2% |
| 2025 | -28.8% | -94.4% |
| 2026 | +333.7% | -100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEX and HUBC good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATEX and HUBC?
The ATEX/HUBC correlation stands at -0.20 on a 3-year window (1 year: -0.27, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is HUBC a good diversifier for ATEX?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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/atex-vs-hubc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atex-vs-hubc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATEX correlations · HUBC correlations
