BCTX vs MANH: Correlation
Measured on weekly returns over the past three years, BriaCell Therapeutics Corp. (BCTX) and Manhattan Associates, Inc. (MANH) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and MANH?
Across a 3-year window, the weekly returns of BCTX and MANH correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus -0.37 over 3 years. Stretching to 5 years gives -0.30, with an annualized covariance of -10437.9 %².
Among the 31 assets we track against BCTX, MANH sits near the bottom by co-movement, at rank #30. Correlation aside, the last 12 months split them widely, with MANH ahead by 53.4 points (-51.2% versus +2.2%). One caveat on sizing: BCTX is 16.2 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.
BCTX vs MANH: side by side
| BCTX (BriaCell Therapeutics Corp.) | MANH (Manhattan Associates, Inc.) | |
|---|---|---|
| 1-year return | -51.2% | +2.2% |
| 5-year return | -94.5% | +35.7% |
| Volatility (ann.) | 676.8% | 41.7% |
| Beta vs S&P 500 | -1.17 | 1.25 |
| Max drawdown (3Y) | -96.3% | -61.0% |
| Market cap | – | $13.0B |
| P/E (trailing) | – | 63.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCTX | MANH |
|---|---|---|
| 2022 | -47.2% | -21.9% |
| 2023 | +33.9% | +77.4% |
| 2024 | -90.4% | +25.5% |
| 2025 | +27.0% | -35.9% |
| 2026 | -47.8% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and MANH good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCTX and MANH?
As of 2026-08-27, the correlation of weekly returns between BCTX and MANH is -0.37 over 3 years, 0.19 over 1 year and -0.30 over 5 years.
Is MANH a good diversifier for BCTX?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 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/bctx-vs-manh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bctx-vs-manh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCTX correlations · MANH correlations
