IMDX vs PXLW: Correlation
Measured on weekly returns over the past three years, Insight Molecular Diagnostics Inc. (IMDX) and Pixelworks, Inc. (PXLW) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMDX and PXLW?
On 3 years of weekly data the IMDX/PXLW correlation comes out at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.30). The 5-year figure is 0.26, and annualized covariance runs at 2613.0 %².
Among the 10 assets we track against IMDX, PXLW ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IMDX ahead by 86.6 points (+73.0% versus -13.6%).
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.
IMDX vs PXLW: side by side
| IMDX (Insight Molecular Diagnostics Inc.) | PXLW (Pixelworks, Inc.) | |
|---|---|---|
| 1-year return | +73.0% | -13.6% |
| 5-year return | -94.7% | -90.7% |
| Volatility (ann.) | 89.4% | 99.0% |
| Beta vs S&P 500 | 1.02 | 1.41 |
| Max drawdown (3Y) | -69.9% | -86.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMDX | PXLW |
|---|---|---|
| 2022 | -85.2% | -59.8% |
| 2023 | -61.1% | -26.0% |
| 2024 | -4.8% | -44.3% |
| 2025 | +215.1% | -27.4% |
| 2026 | -42.8% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMDX and PXLW good diversifiers for each other?
Reasonably. At 0.30, IMDX and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMDX and PXLW?
The IMDX/PXLW correlation stands at 0.30 on a 3-year window (1 year: 0.12, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is PXLW a good diversifier for IMDX?
Reasonably. At 0.30, IMDX and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/imdx-vs-pxlw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/imdx-vs-pxlw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMDX correlations · PXLW correlations
