AXR vs TNXP: Correlation
AMREP Corporation (AXR) and Tonix Pharmaceuticals Holding Corp. (TNXP) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXR and TNXP?
On 3 years of weekly data the AXR/TNXP correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.16). The 5-year figure is -0.05, and annualized covariance runs at -1296.8 %².
TNXP is close to the least connected end of AXR's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months AXR outperformed by 62.0 percentage points (+4.1% for AXR against -57.9% for TNXP). One caveat on sizing: TNXP is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AXR vs TNXP: side by side
| AXR (AMREP Corporation) | TNXP (Tonix Pharmaceuticals Holding Corp.) | |
|---|---|---|
| 1-year return | +4.1% | -57.9% |
| 5-year return | +60.4% | -100.0% |
| Volatility (ann.) | 48.9% | 164.8% |
| Beta vs S&P 500 | 0.44 | 1.57 |
| Max drawdown (3Y) | -52.3% | -99.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXR | TNXP |
|---|---|---|
| 2022 | -24.0% | -96.6% |
| 2023 | +90.2% | -83.6% |
| 2024 | +42.9% | -97.4% |
| 2025 | -40.1% | -52.7% |
| 2026 | +22.1% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXR and TNXP good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between AXR and TNXP?
The AXR/TNXP correlation stands at -0.16 on a 3-year window (1 year: -0.03, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is TNXP a good diversifier for AXR?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axr-vs-tnxp.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AXR correlations · TNXP correlations
