AXSM vs GMEX: Correlation
Measured on weekly returns over the past three years, Axsome Therapeutics, Inc. (AXSM) and GMEX ROBOTICS CORPORATION - Class A (GMEX) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXSM and GMEX?
Across a 3-year window, the weekly returns of AXSM and GMEX correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -1564.0 %².
Out of 12 assets tracked against AXSM, GMEX lands near the bottom at #10. The last year tells two different stories: AXSM led by 169.3 percentage points, +69.3% for AXSM against -100.0% for GMEX. One caveat on sizing: GMEX is 5.0 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.
AXSM vs GMEX: side by side
| AXSM (Axsome Therapeutics, Inc.) | GMEX (GMEX ROBOTICS CORPORATION - Class A) | |
|---|---|---|
| 1-year return | +69.3% | -100.0% |
| 5-year return | +746.1% | n/a |
| Volatility (ann.) | 39.4% | 195.3% |
| Beta vs S&P 500 | 0.82 | 2.43 |
| Max drawdown (3Y) | -32.7% | -100.0% |
| Market cap | $10.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4710.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXSM | GMEX |
|---|---|---|
| 2022 | +104.2% | – |
| 2023 | +3.2% | – |
| 2024 | +6.3% | +471.2% |
| 2025 | +115.9% | -99.6% |
| 2026 | +12.9% | -99.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXSM and GMEX good diversifiers for each other?
Yes. With a correlation of -0.20, AXSM and GMEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AXSM and GMEX?
The AXSM/GMEX correlation stands at -0.20 on a 3-year window (1 year: -0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GMEX a good diversifier for AXSM?
Yes. With a correlation of -0.20, AXSM and GMEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/axsm-vs-gmex.json
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[](https://www.pairbook.io/pair/axsm-vs-gmex/)
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Related comparisons
Hubs: AXSM correlations · GMEX correlations
