AZIO vs PCRX: Correlation
Azio AI Holdings, Inc. (AZIO) and Pacira BioSciences, Inc. (PCRX) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZIO and PCRX?
On 3 years of weekly data the AZIO/PCRX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.22). The 5-year figure is -0.16, and annualized covariance runs at -4460.7 %².
Among the 18 assets we track against AZIO, PCRX ranks #12 by 3-year correlation. The last year tells two different stories: PCRX led by 42.4 percentage points, -43.5% for AZIO against -1.1% for PCRX. One caveat on sizing: AZIO is 8.1 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.
AZIO vs PCRX: side by side
| AZIO (Azio AI Holdings, Inc.) | PCRX (Pacira BioSciences, Inc.) | |
|---|---|---|
| 1-year return | -43.5% | -1.1% |
| 5-year return | -97.5% | -56.2% |
| Volatility (ann.) | 404.0% | 50.0% |
| Beta vs S&P 500 | 1.20 | 0.71 |
| Max drawdown (3Y) | -98.8% | -67.9% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 73.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZIO | PCRX |
|---|---|---|
| 2022 | -52.7% | -35.8% |
| 2023 | -36.2% | -12.6% |
| 2024 | -11.0% | -44.2% |
| 2025 | -97.0% | +37.4% |
| 2026 | +276.0% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZIO and PCRX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AZIO and PCRX?
The AZIO/PCRX correlation stands at -0.22 on a 3-year window (1 year: -0.51, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is PCRX a good diversifier for AZIO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/azio-vs-pcrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/azio-vs-pcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AZIO correlations · PCRX correlations
