SHPH vs TCX: Correlation
Measured on weekly returns over the past three years, Shuttle Pharmaceuticals Holdings, Inc. (SHPH) and Tucows Inc. (TCX) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHPH and TCX?
Across a 3-year window, the weekly returns of SHPH and TCX correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 2439.3 %².
Within SHPH's tracked universe of 10 assets, TCX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TCX ahead by 41.1 points (-88.4% versus -47.3%).
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.
SHPH vs TCX: side by side
| SHPH (Shuttle Pharmaceuticals Holdings, Inc.) | TCX (Tucows Inc.) | |
|---|---|---|
| 1-year return | -88.4% | -47.3% |
| 5-year return | n/a | -86.5% |
| Volatility (ann.) | 99.7% | 72.4% |
| Beta vs S&P 500 | 0.99 | 1.23 |
| Max drawdown (3Y) | -99.8% | -69.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHPH | TCX |
|---|---|---|
| 2022 | – | -59.5% |
| 2023 | -76.8% | -20.4% |
| 2024 | -76.4% | -36.5% |
| 2025 | -91.6% | +30.8% |
| 2026 | -78.4% | -55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHPH and TCX good diversifiers for each other?
Reasonably. At 0.34, SHPH and TCX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SHPH and TCX?
The SHPH/TCX correlation stands at 0.34 on a 3-year window (1 year: 0.41, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is TCX a good diversifier for SHPH?
Reasonably. At 0.34, SHPH and TCX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: SHPH correlations · TCX correlations
