CTMX vs WKSP: Correlation
Measured on weekly returns over the past three years, CytomX Therapeutics, Inc. (CTMX) and Worksport, Ltd. (WKSP) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTMX and WKSP?
Over the past 3 years, CTMX and WKSP moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.40). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 6529.9 %².
By 3-year correlation, WKSP places #7 of the 13 assets tracked against CTMX. Their recent paths diverged sharply: over the last 12 months CTMX outperformed by 144.7 percentage points (+65.2% for CTMX against -79.5% for WKSP).
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 WKSP: side by side
| CTMX (CytomX Therapeutics, Inc.) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | +65.2% | -79.5% |
| 5-year return | -32.5% | -98.8% |
| Volatility (ann.) | 151.3% | 108.8% |
| Beta vs S&P 500 | 2.53 | 1.80 |
| Max drawdown (3Y) | -91.6% | -98.4% |
| 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 | WKSP |
|---|---|---|
| 2022 | -63.0% | -58.9% |
| 2023 | -3.1% | +49.7% |
| 2024 | -33.5% | -38.3% |
| 2025 | +313.6% | -76.8% |
| 2026 | -19.7% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTMX and WKSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTMX and WKSP?
As of 2026-08-27, the correlation of weekly returns between CTMX and WKSP is 0.40 over 3 years, 0.26 over 1 year and 0.32 over 5 years.
Is WKSP a good diversifier for CTMX?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/ctmx-vs-wksp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctmx-vs-wksp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTMX correlations · WKSP correlations
