ACH vs BRNX: Correlation
Measured on weekly returns over the past three years, Accendra Health, Inc. (ACH) and BrenX Ltd. (BRNX) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACH and BRNX?
Over the past 3 years, ACH and BRNX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.55) runs below the 3-year figure (-0.35). Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -16995.5 %².
Within ACH's tracked universe of 16 assets, BRNX comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ACH ahead by 19.6 points (-75.3% versus -94.9%). One caveat on sizing: BRNX is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACH vs BRNX: side by side
| ACH (Accendra Health, Inc.) | BRNX (BrenX Ltd.) | |
|---|---|---|
| 1-year return | -75.3% | -94.9% |
| 5-year return | -96.8% | -99.9% |
| Volatility (ann.) | 89.1% | 539.2% |
| Beta vs S&P 500 | 1.37 | 1.25 |
| Max drawdown (3Y) | -96.6% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACH | BRNX |
|---|---|---|
| 2022 | -55.1% | – |
| 2023 | -1.3% | -57.4% |
| 2024 | -32.2% | -77.8% |
| 2025 | -78.6% | -92.4% |
| 2026 | -56.8% | -77.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACH and BRNX good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACH and BRNX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.55 over the last year and -0.33 over 5 years.
Is BRNX a good diversifier for ACH?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 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/ach-vs-brnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ach-vs-brnx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACH correlations · BRNX correlations
