PDEX vs TXMD: Correlation
How closely do Pro-Dex, Inc. (PDEX) and TherapeuticsMD, Inc. (TXMD) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDEX and TXMD?
Across a 3-year window, the weekly returns of PDEX and TXMD correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -881.5 %².
By 3-year correlation, TXMD places #18 of the 31 assets tracked against PDEX. Correlation aside, the last 12 months split them widely, with TXMD ahead by 55.7 points (+42.5% versus +98.2%).
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.
PDEX vs TXMD: side by side
| PDEX (Pro-Dex, Inc.) | TXMD (TherapeuticsMD, Inc.) | |
|---|---|---|
| 1-year return | +42.5% | +98.2% |
| 5-year return | +152.4% | -94.4% |
| Volatility (ann.) | 59.6% | 73.0% |
| Beta vs S&P 500 | 0.17 | 1.30 |
| Max drawdown (3Y) | -65.3% | -81.2% |
| Market cap | $0.2B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDEX | TXMD |
|---|---|---|
| 2022 | -31.5% | -68.9% |
| 2023 | +10.2% | -59.7% |
| 2024 | +166.8% | -61.8% |
| 2025 | -17.7% | +89.5% |
| 2026 | +68.6% | +36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDEX and TXMD good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PDEX and TXMD?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.20 over the last year and -0.04 over 5 years.
Is TXMD a good diversifier for PDEX?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/pdex-vs-txmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdex-vs-txmd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDEX correlations · TXMD correlations
