AURE vs PRAX: Correlation
How closely do Aurelion Inc. - Class A (AURE) and Praxis Precision Medicines, Inc. (PRAX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AURE and PRAX?
Across a 3-year window, the weekly returns of AURE and PRAX correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.25 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -4881.7 %².
Out of 12 assets tracked against AURE, PRAX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months PRAX outperformed by 752.5 percentage points (-68.5% for AURE against +684.0% for PRAX). Note the risk asymmetry: PRAX runs 1.5 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.
AURE vs PRAX: side by side
| AURE (Aurelion Inc. - Class A) | PRAX (Praxis Precision Medicines, Inc.) | |
|---|---|---|
| 1-year return | -68.5% | +684.0% |
| 5-year return | n/a | +28.6% |
| Volatility (ann.) | 112.7% | 170.9% |
| Beta vs S&P 500 | 0.59 | 2.13 |
| Max drawdown (3Y) | -97.8% | -68.6% |
| Market cap | $0.1B | $10.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AURE | PRAX |
|---|---|---|
| 2022 | – | -87.9% |
| 2023 | – | -37.6% |
| 2024 | -38.1% | +245.4% |
| 2025 | -80.8% | +283.0% |
| 2026 | -35.2% | +24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AURE and PRAX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AURE and PRAX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.43 over the last year and n/a over 5 years.
Is PRAX a good diversifier for AURE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/aure-vs-prax.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aure-vs-prax/)
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Related comparisons
Hubs: AURE correlations · PRAX correlations
