CYCN vs ELAB: Correlation
Cyclerion Therapeutics, Inc. (CYCN) and PMGC Holdings Inc. (ELAB) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYCN and ELAB?
On 3 years of weekly data the CYCN/ELAB correlation comes out at 0.65, strong. The link has tightened recently: the 1-year correlation (0.90) runs above the 3-year figure (0.65). The 5-year figure is n/a, and annualized covariance runs at 27461.3 %².
Few assets follow CYCN as closely as ELAB, which ranks #1 of 21 tracked partners. Correlation aside, the last 12 months split them widely, with CYCN ahead by 155.0 points (+55.3% versus -99.7%).
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.
CYCN vs ELAB: side by side
| CYCN (Cyclerion Therapeutics, Inc.) | ELAB (PMGC Holdings Inc.) | |
|---|---|---|
| 1-year return | +55.3% | -99.7% |
| 5-year return | -93.7% | n/a |
| Volatility (ann.) | 208.6% | 195.6% |
| Beta vs S&P 500 | 1.03 | 2.50 |
| Max drawdown (3Y) | -83.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYCN | ELAB |
|---|---|---|
| 2022 | -61.9% | – |
| 2023 | -74.5% | – |
| 2024 | -3.9% | -99.4% |
| 2025 | -60.6% | -97.4% |
| 2026 | +214.2% | -98.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYCN and ELAB good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CYCN and ELAB?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.90 over the last year and n/a over 5 years.
Is ELAB a good diversifier for CYCN?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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/cycn-vs-elab.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cycn-vs-elab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYCN correlations · ELAB correlations
