CDZI vs STXS: Correlation
Measured on weekly returns over the past three years, Cadiz, Inc. (CDZI) and Stereotaxis, Inc. (STXS) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDZI and STXS?
On 3 years of weekly data the CDZI/STXS correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.42). The 5-year figure is 0.34, and annualized covariance runs at 1323.4 %².
In CDZI's tracked universe of 10 assets, STXS sits right near the top at #3. Correlation aside, the last 12 months split them widely, with CDZI ahead by 56.7 points (+7.9% versus -48.8%).
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.
CDZI vs STXS: side by side
| CDZI (Cadiz, Inc.) | STXS (Stereotaxis, Inc.) | |
|---|---|---|
| 1-year return | +7.9% | -48.8% |
| 5-year return | -70.6% | -76.8% |
| Volatility (ann.) | 61.2% | 51.7% |
| Beta vs S&P 500 | 1.31 | 1.07 |
| Max drawdown (3Y) | -56.9% | -64.7% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDZI | STXS |
|---|---|---|
| 2022 | -35.2% | -66.6% |
| 2023 | +12.0% | -15.5% |
| 2024 | +85.7% | +30.3% |
| 2025 | +7.9% | +0.9% |
| 2026 | -29.6% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDZI and STXS good diversifiers for each other?
Reasonably. At 0.42, CDZI and STXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDZI and STXS?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.55 over the last year and 0.34 over 5 years.
Is STXS a good diversifier for CDZI?
Reasonably. At 0.42, CDZI and STXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/cdzi-vs-stxs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdzi-vs-stxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDZI correlations · STXS correlations
