ATNM vs CDXS: Correlation
Measured on weekly returns over the past three years, Actinium Pharmaceuticals, Inc. (Delaware) (ATNM) and Codexis, Inc. (CDXS) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATNM and CDXS?
Over the past 3 years, ATNM and CDXS moved with a correlation of 0.41, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 3061.1 %².
CDXS is one of the assets that tracks ATNM most closely: it ranks #2 out of the 12 assets we track against ATNM. On 12-month performance CDXS holds a 5.4-point edge, -43.2% against -37.8%.
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.
ATNM vs CDXS: side by side
| ATNM (Actinium Pharmaceuticals, Inc. (Delaware)) | CDXS (Codexis, Inc.) | |
|---|---|---|
| 1-year return | -43.2% | -37.8% |
| 5-year return | -83.3% | -93.7% |
| Volatility (ann.) | 83.6% | 88.6% |
| Beta vs S&P 500 | 1.73 | 2.44 |
| Max drawdown (3Y) | -92.4% | -83.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATNM | CDXS |
|---|---|---|
| 2022 | +77.2% | -85.1% |
| 2023 | -52.3% | -34.5% |
| 2024 | -75.2% | +56.4% |
| 2025 | +7.9% | -65.8% |
| 2026 | -26.5% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATNM and CDXS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATNM and CDXS?
The ATNM/CDXS correlation stands at 0.41 on a 3-year window (1 year: 0.38, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is CDXS a good diversifier for ATNM?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: ATNM correlations · CDXS correlations
