AZ vs SNGX: Correlation
A2Z Cust2Mate Solutions Corp. (AZ) and Soligenix, Inc. (SNGX) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZ and SNGX?
Over the past 3 years, AZ and SNGX moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.44). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 8801.1 %².
Few assets follow AZ as closely as SNGX, which ranks #1 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with AZ ahead by 61.8 points (-25.5% versus -87.3%). Note the risk asymmetry: SNGX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AZ vs SNGX: side by side
| AZ (A2Z Cust2Mate Solutions Corp.) | SNGX (Soligenix, Inc.) | |
|---|---|---|
| 1-year return | -25.5% | -87.3% |
| 5-year return | -49.4% | -99.8% |
| Volatility (ann.) | 97.5% | 205.9% |
| Beta vs S&P 500 | 1.35 | 0.50 |
| Max drawdown (3Y) | -85.0% | -98.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZ | SNGX |
|---|---|---|
| 2022 | -88.3% | -31.8% |
| 2023 | +7.9% | -88.7% |
| 2024 | +93.3% | -77.8% |
| 2025 | -1.7% | -50.4% |
| 2026 | +1.8% | -71.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZ and SNGX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AZ and SNGX?
As of 2026-08-27, the correlation of weekly returns between AZ and SNGX is 0.44 over 3 years, 0.19 over 1 year and 0.32 over 5 years.
Is SNGX a good diversifier for AZ?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/az-vs-sngx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/az-vs-sngx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AZ correlations · SNGX correlations
