SBC vs TOVX: Correlation
SBC Medical Group Holdings Incorporated (SBC) and Theriva Biologics, Inc. (TOVX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBC and TOVX?
On 3 years of weekly data the SBC/TOVX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.24). The 5-year figure is -0.22, and annualized covariance runs at -2108.0 %².
TOVX is close to the least connected end of SBC's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with SBC ahead by 38.2 points (-1.7% versus -39.9%).
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.
SBC vs TOVX: side by side
| SBC (SBC Medical Group Holdings Incorporated) | TOVX (Theriva Biologics, Inc.) | |
|---|---|---|
| 1-year return | -1.7% | -39.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 81.1% | 108.1% |
| Beta vs S&P 500 | 0.56 | 1.15 |
| Max drawdown (3Y) | -82.1% | -98.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 8.6 | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBC | TOVX |
|---|---|---|
| 2022 | – | -83.3% |
| 2023 | +5.6% | -4.4% |
| 2024 | -48.4% | -83.7% |
| 2025 | -22.5% | -88.0% |
| 2026 | -4.6% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBC and TOVX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between SBC and TOVX?
As of 2026-08-27, the correlation of weekly returns between SBC and TOVX is -0.24 over 3 years, -0.13 over 1 year and -0.22 over 5 years.
Is TOVX a good diversifier for SBC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/sbc-vs-tovx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbc-vs-tovx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SBC correlations · TOVX correlations
