GNPX vs HCA: Correlation
Measured on weekly returns over the past three years, Genprex, Inc. (GNPX) and HCA Healthcare (HCA) 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 GNPX and HCA?
On 3 years of weekly data the GNPX/HCA correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.24). The 5-year figure is -0.12, and annualized covariance runs at -1648.5 %².
Among the 33 assets we track against GNPX, HCA ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HCA ahead by 102.3 points (-98.1% versus +4.2%). Risk is not evenly split, since GNPX carries 9.5 times the volatility of the other side.
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.
GNPX vs HCA: side by side
| GNPX (Genprex, Inc.) | HCA (HCA Healthcare) | |
|---|---|---|
| 1-year return | -98.1% | +4.2% |
| 5-year return | -100.0% | +72.5% |
| Volatility (ann.) | 255.0% | 26.9% |
| Beta vs S&P 500 | -0.45 | 0.42 |
| Max drawdown (3Y) | -100.0% | -33.6% |
| Market cap | – | $90.8B |
| P/E (trailing) | 0.1 | 14.1 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GNPX | HCA |
|---|---|---|
| 2022 | +10.7% | -5.6% |
| 2023 | -84.1% | +13.8% |
| 2024 | -90.7% | +11.8% |
| 2025 | -95.9% | +56.7% |
| 2026 | -90.6% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNPX and HCA 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 GNPX and HCA?
The GNPX/HCA correlation stands at -0.24 on a 3-year window (1 year: -0.04, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is HCA a good diversifier for GNPX?
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?
On the −1 to +1 scale, -0.24 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.
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Hubs: GNPX correlations · HCA correlations
