HURC vs PHGE: Correlation
How closely do Hurco Companies, Inc. (HURC) and BiomX Inc. (PHGE) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURC and PHGE?
On 3 years of weekly data the HURC/PHGE correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.22 over 3. The 5-year figure is -0.13, and annualized covariance runs at -1269.2 %².
PHGE is close to the least connected end of HURC's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months HURC outperformed by 124.1 percentage points (+25.4% for HURC against -98.7% for PHGE). One caveat on sizing: PHGE is 3.7 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.
HURC vs PHGE: side by side
| HURC (Hurco Companies, Inc.) | PHGE (BiomX Inc.) | |
|---|---|---|
| 1-year return | +25.4% | -98.7% |
| 5-year return | -28.0% | -100.0% |
| Volatility (ann.) | 39.5% | 147.0% |
| Beta vs S&P 500 | 0.89 | 0.33 |
| Max drawdown (3Y) | -52.0% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HURC | PHGE |
|---|---|---|
| 2022 | -10.0% | -88.3% |
| 2023 | -15.2% | +49.7% |
| 2024 | -9.7% | -73.9% |
| 2025 | -19.9% | -86.5% |
| 2026 | +45.8% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURC and PHGE good diversifiers for each other?
Yes. With a correlation of -0.22, HURC and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HURC and PHGE?
The HURC/PHGE correlation stands at -0.22 on a 3-year window (1 year: -0.29, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is PHGE a good diversifier for HURC?
Yes. With a correlation of -0.22, HURC and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/hurc-vs-phge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hurc-vs-phge/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HURC correlations · PHGE correlations
