PLX vs TWST: Correlation
How closely do Protalix BioTherapeutics, Inc. (DE) (PLX) and Twist Bioscience Corporation (TWST) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLX and TWST?
Across a 3-year window, the weekly returns of PLX and TWST correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 1817.9 %².
Few assets follow PLX as closely as TWST, which ranks #3 of 10 tracked partners. The last year tells two different stories: TWST led by 400.0 percentage points, +63.1% for PLX against +463.1% for TWST.
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.
PLX vs TWST: side by side
| PLX (Protalix BioTherapeutics, Inc. (DE)) | TWST (Twist Bioscience Corporation) | |
|---|---|---|
| 1-year return | +63.1% | +463.1% |
| 5-year return | +66.2% | +39.8% |
| Volatility (ann.) | 65.1% | 76.1% |
| Beta vs S&P 500 | 0.87 | 2.21 |
| Max drawdown (3Y) | -56.0% | -59.0% |
| Market cap | $0.2B | $9.6B |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLX | TWST |
|---|---|---|
| 2022 | +65.1% | -69.2% |
| 2023 | +29.9% | +54.8% |
| 2024 | +5.6% | +26.1% |
| 2025 | -4.3% | -31.7% |
| 2026 | +45.0% | +382.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLX and TWST good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PLX and TWST?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.43 over the last year and 0.22 over 5 years.
Is TWST a good diversifier for PLX?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/plx-vs-twst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/plx-vs-twst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLX correlations · TWST correlations
