AVTX vs PMEC: Correlation
Measured on weekly returns over the past three years, Avalo Therapeutics, Inc. (AVTX) and Primech Holdings Ltd. (PMEC) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and PMEC?
On 3 years of weekly data the AVTX/PMEC correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.25 versus -0.33 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -7736.2 %².
Out of 17 assets tracked against AVTX, PMEC lands near the bottom at #17. Correlation aside, the last 12 months split them widely, with AVTX ahead by 172.3 points (+107.8% versus -64.5%). Risk is not evenly split, since AVTX carries 2.2 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 PMEC: side by side
| AVTX (Avalo Therapeutics, Inc.) | PMEC (Primech Holdings Ltd.) | |
|---|---|---|
| 1-year return | +107.8% | -64.5% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 225.5% | 103.1% |
| Beta vs S&P 500 | 1.22 | 0.88 |
| Max drawdown (3Y) | -93.3% | -89.9% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | PMEC |
|---|---|---|
| 2022 | -75.3% | – |
| 2023 | -99.2% | – |
| 2024 | -18.4% | -71.9% |
| 2025 | +144.4% | +51.1% |
| 2026 | +10.4% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and PMEC good diversifiers for each other?
Yes. With a correlation of -0.33, AVTX and PMEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVTX and PMEC?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with 0.25 over the last year and n/a over 5 years.
Is PMEC a good diversifier for AVTX?
Yes. With a correlation of -0.33, AVTX and PMEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avtx-vs-pmec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avtx-vs-pmec/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVTX correlations · PMEC correlations
