GALT vs OPTX: Correlation
Measured on weekly returns over the past three years, Galectin Therapeutics Inc. (GALT) and Syntec Optics Holdings, Inc. (OPTX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GALT and OPTX?
On 3 years of weekly data the GALT/OPTX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.24 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -4582.8 %².
Out of 11 assets tracked against GALT, OPTX lands near the bottom at #10. The last year tells two different stories: OPTX led by 445.1 percentage points, +4.0% for GALT against +449.1% for OPTX. One caveat on sizing: OPTX is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GALT vs OPTX: side by side
| GALT (Galectin Therapeutics Inc.) | OPTX (Syntec Optics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +4.0% | +449.1% |
| 5-year return | +7.5% | -11.3% |
| Volatility (ann.) | 99.6% | 192.0% |
| Beta vs S&P 500 | 0.29 | 1.00 |
| Max drawdown (3Y) | -80.0% | -93.0% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GALT | OPTX |
|---|---|---|
| 2022 | -45.4% | – |
| 2023 | +46.9% | -49.7% |
| 2024 | -22.3% | -49.9% |
| 2025 | +222.5% | +13.5% |
| 2026 | -0.5% | +205.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GALT and OPTX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GALT and OPTX?
The GALT/OPTX correlation stands at -0.24 on a 3-year window (1 year: -0.02, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is OPTX a good diversifier for GALT?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/galt-vs-optx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/galt-vs-optx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GALT correlations · OPTX correlations
