AVTX vs GCTS: Correlation
Measured on weekly returns over the past three years, Avalo Therapeutics, Inc. (AVTX) and GCT Semiconductor Holding, Inc. (GCTS) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and GCTS?
On 3 years of weekly data the AVTX/GCTS correlation comes out at 0.72, strong. The link has loosened recently: the 1-year correlation (-0.15) runs below the 3-year figure (0.72). The 5-year figure is 0.65, and annualized covariance runs at 26679.9 %².
GCTS is one of the assets that tracks AVTX most closely: it ranks #2 out of the 17 assets we track against AVTX. Correlation aside, the last 12 months split them widely, with AVTX ahead by 60.9 points (+107.8% versus +46.9%).
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.
AVTX vs GCTS: side by side
| AVTX (Avalo Therapeutics, Inc.) | GCTS (GCT Semiconductor Holding, Inc.) | |
|---|---|---|
| 1-year return | +107.8% | +46.9% |
| 5-year return | -99.8% | -80.5% |
| Volatility (ann.) | 225.5% | 165.0% |
| Beta vs S&P 500 | 1.22 | 2.00 |
| Max drawdown (3Y) | -93.3% | -97.7% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | GCTS |
|---|---|---|
| 2022 | -75.3% | +2.9% |
| 2023 | -99.2% | +3.6% |
| 2024 | -18.4% | -77.9% |
| 2025 | +144.4% | -48.5% |
| 2026 | +10.4% | +59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and GCTS good diversifiers for each other?
Only partially. A correlation of 0.72 means AVTX and GCTS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AVTX and GCTS?
As of 2026-08-27, the correlation of weekly returns between AVTX and GCTS is 0.72 over 3 years, -0.15 over 1 year and 0.65 over 5 years.
Is GCTS a good diversifier for AVTX?
Only partially. A correlation of 0.72 means AVTX and GCTS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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/avtx-vs-gcts.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AVTX correlations · GCTS correlations
