AVTX vs WETH: Correlation
Measured on weekly returns over the past three years, Avalo Therapeutics, Inc. (AVTX) and Wetouch Technology Inc. (WETH) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and WETH?
Over the past 3 years, AVTX and WETH moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.07 versus -0.26 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -6858.4 %².
Among the 17 assets we track against AVTX, WETH sits near the bottom by co-movement, at rank #16. The last year tells two different stories: AVTX led by 90.5 percentage points, +107.8% for AVTX against +17.3% for WETH. Risk is not evenly split, since AVTX carries 2.0 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 WETH: side by side
| AVTX (Avalo Therapeutics, Inc.) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | +107.8% | +17.3% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 225.5% | 112.1% |
| Beta vs S&P 500 | 1.22 | 1.71 |
| Max drawdown (3Y) | -93.3% | -83.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | 1.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | WETH |
|---|---|---|
| 2022 | -75.3% | – |
| 2023 | -99.2% | – |
| 2024 | -18.4% | – |
| 2025 | +144.4% | -24.3% |
| 2026 | +10.4% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and WETH good diversifiers for each other?
Yes. With a correlation of -0.26, AVTX and WETH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVTX and WETH?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.07 over the last year and n/a over 5 years.
Is WETH a good diversifier for AVTX?
Yes. With a correlation of -0.26, AVTX and WETH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avtx-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: AVTX correlations · WETH correlations
