HCWB HCW Biologics Inc. Common Stock

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

GOVX GeoVax Labs, Inc. Common Stock

horizon 10dρ +0.42holdout +0.53stable 38%moderate

TE T1 Energy Inc.

horizon 10dρ +0.41holdout +0.65stable 38%moderate

TOYO TOYO Co., Ltd Ordinary Shares

horizon 10dρ +0.40holdout +0.45stable 38%moderate

ADUR Aduro Clean Technologies Inc. Common Stock

horizon 10dρ +0.40holdout +0.40stable 38%moderate

OKLO Oklo Inc.

horizon 10dρ +0.39holdout +0.42stable 38%moderate

AMPX Amprius Technologies, Inc.

horizon 10dρ +0.39holdout +0.46stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

SEB Seaboard Corporation

Δ -0.47recent -0.43prior +0.04beyond mkt -0.03

THTA SoFi Enhanced Yield ETF

Δ +0.41recent +0.43prior +0.01beyond mkt -0.00

SHEH Shell plc ADRhedged

Δ -0.39recent -0.35prior +0.04beyond mkt -0.02

BCRX BioCryst Pharmaceuticals, Inc. Common Stock

Δ +0.39recent +0.40prior +0.01beyond mkt -0.01

XOM ExxonMobil Holdings Corporation

Δ -0.38recent -0.35prior +0.04beyond mkt -0.02

INBX Inhibrx Biosciences, Inc. Common Stock

Δ +0.37recent +0.44prior +0.06beyond mkt +0.04

Abnormal volume rises and falls on the same days as HCWB's, while prices do not move together: the same hands, not the same business.

Symbol	traded together ρ	big prints together ρ	priced together ρ	q
GCTS GCT Semiconductor Holding, Inc.	+0.37	+0.26	-0.01	<1e-15
TWAV TaoWeave, Inc. Common Stock	+0.39	+0.23	+0.01	<1e-15
GME GameStop Corp. Class A	+0.34	+0.29	-0.09	1e-11
NA Nano Labs Ltd Class A Ordinary Shares	+0.31	+0.32	-0.02	4e-9
PPSI Pioneer Power Solutions, Inc. Common Stock	+0.37	+0.22	-0.08	<1e-15
WYY WidePoint Corporation	+0.34	+0.23	+0.03	2e-11