PRAX vs YDKG: Correlation
Measured on weekly returns over the past three years, Praxis Precision Medicines, Inc. (PRAX) and Yueda Digital Holding - Class A (YDKG) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRAX and YDKG?
On 3 years of weekly data the PRAX/YDKG correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.67) runs below the 3-year figure (-0.29). The 5-year figure is -0.22, and annualized covariance runs at -7823.5 %².
Among the 15 assets we track against PRAX, YDKG sits near the bottom by co-movement, at rank #14. The last year tells two different stories: PRAX led by 783.7 percentage points, +684.0% for PRAX against -99.7% for YDKG.
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 YDKG: side by side
| PRAX (Praxis Precision Medicines, Inc.) | YDKG (Yueda Digital Holding - Class A) | |
|---|---|---|
| 1-year return | +684.0% | -99.7% |
| 5-year return | +28.6% | -99.9% |
| Volatility (ann.) | 170.9% | 156.2% |
| Beta vs S&P 500 | 2.13 | -0.65 |
| Max drawdown (3Y) | -68.6% | -99.9% |
| 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 | YDKG |
|---|---|---|
| 2022 | -87.9% | -81.9% |
| 2023 | -37.6% | -24.5% |
| 2024 | +245.4% | -42.2% |
| 2025 | +283.0% | -98.1% |
| 2026 | +24.8% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRAX and YDKG good diversifiers for each other?
Yes. With a correlation of -0.29, PRAX and YDKG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRAX and YDKG?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.67 over the last year and -0.22 over 5 years.
Is YDKG a good diversifier for PRAX?
Yes. With a correlation of -0.29, PRAX and YDKG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/prax-vs-ydkg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prax-vs-ydkg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRAX correlations · YDKG correlations
