PRAX vs TVRD: Correlation
Measured on weekly returns over the past three years, Praxis Precision Medicines, Inc. (PRAX) and Tvardi Therapeutics, Inc. (TVRD) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRAX and TVRD?
Across a 3-year window, the weekly returns of PRAX and TVRD correlate at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.58) than the 3-year average (-0.30). Stretching to 5 years gives -0.22, with an annualized covariance of -6221.1 %².
Out of 15 assets tracked against PRAX, TVRD lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with PRAX ahead by 778.1 points (+684.0% versus -94.1%).
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.
PRAX vs TVRD: side by side
| PRAX (Praxis Precision Medicines, Inc.) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +684.0% | -94.1% |
| 5-year return | +28.6% | -99.7% |
| Volatility (ann.) | 170.9% | 119.7% |
| Beta vs S&P 500 | 2.13 | 1.39 |
| Max drawdown (3Y) | -68.6% | -98.5% |
| Market cap | $10.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRAX | TVRD |
|---|---|---|
| 2022 | -87.9% | -11.8% |
| 2023 | -37.6% | -93.1% |
| 2024 | +245.4% | -31.4% |
| 2025 | +283.0% | -76.6% |
| 2026 | +24.8% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRAX and TVRD good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRAX and TVRD?
As of 2026-08-27, the correlation of weekly returns between PRAX and TVRD is -0.30 over 3 years, -0.58 over 1 year and -0.22 over 5 years.
Is TVRD a good diversifier for PRAX?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prax-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prax-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRAX correlations · TVRD correlations
