CGTX vs XFOR: Correlation
Measured on weekly returns over the past three years, Cognition Therapeutics, Inc. (CGTX) and X4 Pharmaceuticals, Inc. (XFOR) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGTX and XFOR?
Across a 3-year window, the weekly returns of CGTX and XFOR correlate at 0.41, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.41). Stretching to 5 years gives 0.32, with an annualized covariance of 6634.7 %².
Within CGTX's tracked universe of 11 assets, XFOR comes in at #4 by 3-year correlation. The last year tells two different stories: XFOR led by 65.4 percentage points, -65.4% for CGTX against +0.0% for XFOR.
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.
CGTX vs XFOR: side by side
| CGTX (Cognition Therapeutics, Inc.) | XFOR (X4 Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +0.0% |
| 5-year return | -91.7% | -97.2% |
| Volatility (ann.) | 134.0% | 121.6% |
| Beta vs S&P 500 | 2.37 | 1.66 |
| Max drawdown (3Y) | -90.9% | -96.8% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 2.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGTX | XFOR |
|---|---|---|
| 2022 | -66.8% | -56.6% |
| 2023 | -11.9% | -15.5% |
| 2024 | -62.1% | -12.5% |
| 2025 | +92.6% | -81.8% |
| 2026 | -21.5% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGTX and XFOR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CGTX and XFOR?
The CGTX/XFOR correlation stands at 0.41 on a 3-year window (1 year: 0.16, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is XFOR a good diversifier for CGTX?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/cgtx-vs-xfor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgtx-vs-xfor/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGTX correlations · XFOR correlations
