AXTI vs FORM: Correlation
AXT Inc (AXTI) and FormFactor, Inc. (FORM) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXTI and FORM?
On 3 years of weekly data the AXTI/FORM correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 2942.5 %².
Few assets follow AXTI as closely as FORM, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with AXTI ahead by 1955.1 points (+2231.7% versus +276.6%). One caveat on sizing: AXTI is 1.9 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.
AXTI vs FORM: side by side
| AXTI (AXT Inc) | FORM (FormFactor, Inc.) | |
|---|---|---|
| 1-year return | +2231.7% | +276.6% |
| 5-year return | +615.0% | +178.6% |
| Volatility (ann.) | 109.1% | 58.1% |
| Beta vs S&P 500 | 2.64 | 2.08 |
| Max drawdown (3Y) | -78.5% | -62.7% |
| Market cap | $4.4B | $8.6B |
| P/E (trailing) | 2230.7 | 74.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXTI | FORM |
|---|---|---|
| 2022 | -50.3% | -51.4% |
| 2023 | -45.2% | +87.6% |
| 2024 | -9.6% | +5.5% |
| 2025 | +653.5% | +26.8% |
| 2026 | +309.3% | +97.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXTI and FORM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AXTI and FORM?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.47 over the last year and 0.45 over 5 years.
Is FORM a good diversifier for AXTI?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/axti-vs-form.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXTI correlations · FORM correlations
