AUPH vs NNOX: Correlation
Measured on weekly returns over the past three years, Aurinia Pharmaceuticals Inc (AUPH) and NANO-X IMAGING LTD (NNOX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUPH and NNOX?
On 3 years of weekly data the AUPH/NNOX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.23). The 5-year figure is -0.00, and annualized covariance runs at -1025.2 %².
By 3-year correlation, NNOX places #10 of the 20 assets tracked against AUPH. Their recent paths diverged sharply: over the last 12 months AUPH outperformed by 114.6 percentage points (+36.0% for AUPH against -78.6% for NNOX). Note the risk asymmetry: NNOX runs 2.6 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.
AUPH vs NNOX: side by side
| AUPH (Aurinia Pharmaceuticals Inc) | NNOX (NANO-X IMAGING LTD) | |
|---|---|---|
| 1-year return | +36.0% | -78.6% |
| 5-year return | -3.2% | -96.5% |
| Volatility (ann.) | 41.8% | 106.8% |
| Beta vs S&P 500 | 0.59 | 1.70 |
| Max drawdown (3Y) | -52.8% | -93.5% |
| Market cap | $2.2B | $0.1B |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUPH | NNOX |
|---|---|---|
| 2022 | -81.1% | -49.2% |
| 2023 | +108.1% | -13.7% |
| 2024 | -0.1% | +13.0% |
| 2025 | +77.6% | -61.1% |
| 2026 | +3.3% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUPH and NNOX good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUPH and NNOX?
The AUPH/NNOX correlation stands at -0.23 on a 3-year window (1 year: -0.12, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is NNOX a good diversifier for AUPH?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/auph-vs-nnox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auph-vs-nnox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUPH correlations · NNOX correlations
