CGEN vs XAIR: Correlation
Compugen Ltd. (CGEN) and Beyond Air, Inc. (XAIR) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and XAIR?
Over the past 3 years, CGEN and XAIR moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 3434.8 %².
Among the 18 assets we track against CGEN, XAIR ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CGEN ahead by 175.3 points (+87.8% versus -87.5%).
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.
CGEN vs XAIR: side by side
| CGEN (Compugen Ltd.) | XAIR (Beyond Air, Inc.) | |
|---|---|---|
| 1-year return | +87.8% | -87.5% |
| 5-year return | -59.2% | -99.9% |
| Volatility (ann.) | 95.6% | 106.7% |
| Beta vs S&P 500 | 1.63 | 0.35 |
| Max drawdown (3Y) | -60.0% | -99.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.3 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | XAIR |
|---|---|---|
| 2022 | -83.3% | -31.2% |
| 2023 | +175.0% | -69.8% |
| 2024 | -22.7% | -81.7% |
| 2025 | +0.0% | -89.9% |
| 2026 | +80.4% | -60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and XAIR good diversifiers for each other?
Reasonably. At 0.34, CGEN and XAIR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGEN and XAIR?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.39 over the last year and 0.28 over 5 years.
Is XAIR a good diversifier for CGEN?
Reasonably. At 0.34, CGEN and XAIR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/cgen-vs-xair.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgen-vs-xair/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGEN correlations · XAIR correlations
