AVTX vs NTRB: Correlation
How closely do Avalo Therapeutics, Inc. (AVTX) and Nutriband Inc. (NTRB) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and NTRB?
Over the past 3 years, AVTX and NTRB moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.38 over 3 years. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 8985.7 %².
By 3-year correlation, NTRB places #7 of the 17 assets tracked against AVTX. The last year tells two different stories: AVTX led by 135.7 percentage points, +107.8% for AVTX against -27.9% for NTRB. Risk is not evenly split, since AVTX carries 2.1 times the volatility of the other side.
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 NTRB: side by side
| AVTX (Avalo Therapeutics, Inc.) | NTRB (Nutriband Inc.) | |
|---|---|---|
| 1-year return | +107.8% | -27.9% |
| 5-year return | -99.8% | -19.5% |
| Volatility (ann.) | 225.5% | 106.0% |
| Beta vs S&P 500 | 1.22 | 1.25 |
| Max drawdown (3Y) | -93.3% | -73.8% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | NTRB |
|---|---|---|
| 2022 | -75.3% | -58.3% |
| 2023 | -99.2% | -35.6% |
| 2024 | -18.4% | +103.0% |
| 2025 | +144.4% | -3.6% |
| 2026 | +10.4% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and NTRB good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVTX and NTRB?
As of 2026-08-27, the correlation of weekly returns between AVTX and NTRB is 0.38 over 3 years, 0.00 over 1 year and 0.21 over 5 years.
Is NTRB a good diversifier for AVTX?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-ntrb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avtx-vs-ntrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVTX correlations · NTRB correlations
