IPW vs SCYX: Correlation
How closely do iPower Inc. (IPW) and SCYNEXIS, Inc. (SCYX) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and SCYX?
Over the past 3 years, IPW and SCYX moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 12325.3 %².
By 3-year correlation, SCYX places #14 of the 37 assets tracked against IPW. The last year tells two different stories: SCYX led by 81.2 percentage points, -98.6% for IPW against -17.4% for SCYX. Note the risk asymmetry: IPW runs 5.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IPW vs SCYX: side by side
| IPW (iPower Inc.) | SCYX (SCYNEXIS, Inc.) | |
|---|---|---|
| 1-year return | -98.6% | -17.4% |
| 5-year return | -99.8% | -89.1% |
| Volatility (ann.) | 405.9% | 79.8% |
| Beta vs S&P 500 | 2.99 | 1.52 |
| Max drawdown (3Y) | -100.0% | -87.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | SCYX |
|---|---|---|
| 2022 | -83.2% | -74.4% |
| 2023 | +12.5% | +42.9% |
| 2024 | +85.1% | -45.7% |
| 2025 | -70.1% | -47.8% |
| 2026 | -96.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and SCYX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IPW and SCYX?
The IPW/SCYX correlation stands at 0.38 on a 3-year window (1 year: 0.40, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is SCYX a good diversifier for IPW?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipw-vs-scyx.json
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Related comparisons
Hubs: IPW correlations · SCYX correlations
