CTMX vs TNMG: Correlation
Measured on weekly returns over the past three years, CytomX Therapeutics, Inc. (CTMX) and TNL Mediagene (TNMG) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTMX and TNMG?
Across a 3-year window, the weekly returns of CTMX and TNMG correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.30, with an annualized covariance of 6195.6 %².
Within CTMX's tracked universe of 13 assets, TNMG comes in at #8 by 3-year correlation. The last year tells two different stories: CTMX led by 159.3 percentage points, +65.2% for CTMX against -94.1% for TNMG.
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.
CTMX vs TNMG: side by side
| CTMX (CytomX Therapeutics, Inc.) | TNMG (TNL Mediagene) | |
|---|---|---|
| 1-year return | +65.2% | -94.1% |
| 5-year return | -32.5% | -99.7% |
| Volatility (ann.) | 151.3% | 126.7% |
| Beta vs S&P 500 | 2.53 | 2.05 |
| Max drawdown (3Y) | -91.6% | -99.9% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTMX | TNMG |
|---|---|---|
| 2022 | -63.0% | – |
| 2023 | -3.1% | +4.9% |
| 2024 | -33.5% | -26.4% |
| 2025 | +313.6% | -98.3% |
| 2026 | -19.7% | -81.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTMX and TNMG good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTMX and TNMG?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.42 over the last year and 0.30 over 5 years.
Is TNMG a good diversifier for CTMX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctmx-vs-tnmg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctmx-vs-tnmg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTMX correlations · TNMG correlations
