PMEC vs TGTX: Correlation
Primech Holdings Ltd. (PMEC) and TG Therapeutics, Inc. (TGTX) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMEC and TGTX?
Over the past 3 years, PMEC and TGTX moved with a correlation of 0.25, which is weak. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1747.1 %².
By 3-year correlation, TGTX places #4 of the 10 assets tracked against PMEC. The last year tells two different stories: TGTX led by 159.5 percentage points, -64.5% for PMEC against +95.0% for TGTX. One caveat on sizing: PMEC is 1.5 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.
PMEC vs TGTX: side by side
| PMEC (Primech Holdings Ltd.) | TGTX (TG Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -64.5% | +95.0% |
| 5-year return | n/a | +108.6% |
| Volatility (ann.) | 103.1% | 68.7% |
| Beta vs S&P 500 | 0.88 | 1.09 |
| Max drawdown (3Y) | -89.9% | -42.0% |
| Market cap | – | $8.5B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PMEC | TGTX |
|---|---|---|
| 2022 | – | -37.7% |
| 2023 | – | +44.4% |
| 2024 | -71.9% | +76.2% |
| 2025 | +51.1% | -1.0% |
| 2026 | -48.0% | +86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMEC and TGTX good diversifiers for each other?
Reasonably. At 0.25, PMEC and TGTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PMEC and TGTX?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.27 over the last year and n/a over 5 years.
Is TGTX a good diversifier for PMEC?
Reasonably. At 0.25, PMEC and TGTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PMEC correlations · TGTX correlations
