AVTX vs REX: Correlation
Measured on weekly returns over the past three years, Avalo Therapeutics, Inc. (AVTX) and REX American Resources Corporation (REX) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and REX?
On 3 years of weekly data the AVTX/REX correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.39). The 5-year figure is 0.28, and annualized covariance runs at 3570.4 %².
Among the 17 assets we track against AVTX, REX ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVTX ahead by 73.1 points (+107.8% versus +34.7%). Risk is not evenly split, since AVTX carries 5.6 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 REX: side by side
| AVTX (Avalo Therapeutics, Inc.) | REX (REX American Resources Corporation) | |
|---|---|---|
| 1-year return | +107.8% | +34.7% |
| 5-year return | -99.8% | +190.5% |
| Volatility (ann.) | 225.5% | 40.2% |
| Beta vs S&P 500 | 1.22 | 0.44 |
| Max drawdown (3Y) | -93.3% | -41.6% |
| Market cap | $1.1B | $1.3B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | REX |
|---|---|---|
| 2022 | -75.3% | -0.4% |
| 2023 | -99.2% | +48.5% |
| 2024 | -18.4% | -11.9% |
| 2025 | +144.4% | +55.0% |
| 2026 | +10.4% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and REX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVTX and REX?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.01 over the last year and 0.28 over 5 years.
Is REX a good diversifier for AVTX?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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-rex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avtx-vs-rex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVTX correlations · REX correlations
