NVAX Novavax, Inc. Common Stock

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

NVAX vs MRNA

Both indexed to 100 at 2026-05-11.

NVAX MRNA · range 77–489 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

MRNA Moderna, Inc. Common Stock

ρ +0.61beyond mkt +0.37holdout +0.61stable 100%robust

BNTX BioNTech SE American Depositary Share

ρ +0.53beyond mkt +0.27holdout +0.53stable 100%robust

IDNA iShares Genomics Immunology and Healthcare ETF

ρ +0.62beyond mkt +0.23holdout +0.65stable 100%robust

ARCT Arcturus Therapeutics Holdings Inc. Common Stock

ρ +0.50beyond mkt +0.19holdout +0.46stable 100%robust

CRSP CRISPR Therapeutics AG Common Shares

ρ +0.51beyond mkt +0.16holdout +0.52stable 100%robust

EBS Emergent Biosolutions, Inc.

ρ +0.42beyond mkt +0.16holdout +0.40stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.32beyond mkt +0.10holdout -0.34stable 88%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.36beyond mkt -0.05holdout -0.40stable 100%robust

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

CMMB Chemomab Therapeutics Ltd. American Depositary Share

horizon 10dρ +0.37holdout +0.48stable 88%robust

DFDV DeFi Development Corp. Common Stock

horizon 5dρ +0.32holdout +0.49stable 62%moderate

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

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.50recent -0.32prior +0.17beyond mkt +0.05

FRNM Freenome, Inc. Common stock

Δ +0.50recent +0.48prior -0.02beyond mkt +0.00

SVRN SVRN, Inc. Common Stock

Δ +0.47recent +0.47prior +0.00beyond mkt -0.00

LMT Lockheed Martin Corp.

Δ -0.43recent -0.36prior +0.08beyond mkt -0.04

DFDV DeFi Development Corp. Common Stock

Δ +0.40recent +0.53prior +0.13beyond mkt -0.01

HG Hamilton Insurance Group, Ltd. Class B Common Shares

Δ -0.39recent -0.31prior +0.09beyond mkt -0.01

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
MRNA Moderna, Inc. Common Stock	+0.37	+0.61	8