ACRS vs RENX: Correlation
Aclaris Therapeutics, Inc. (ACRS) and RenX Enterprises Corp. (RENX) show a negative relationship: their 3-year correlation of weekly returns is -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and RENX?
Across a 3-year window, the weekly returns of ACRS and RENX correlate at -0.42, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.42). Stretching to 5 years gives n/a, with an annualized covariance of -14284.7 %².
Among the 14 assets we track against ACRS, RENX sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months ACRS outperformed by 329.5 percentage points (+238.5% for ACRS against -91.0% for RENX). Note the risk asymmetry: RENX runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACRS vs RENX: side by side
| ACRS (Aclaris Therapeutics, Inc.) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +238.5% | -91.0% |
| 5-year return | -60.0% | n/a |
| Volatility (ann.) | 105.3% | 322.0% |
| Beta vs S&P 500 | 1.25 | 1.58 |
| Max drawdown (3Y) | -91.9% | -99.9% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRS | RENX |
|---|---|---|
| 2022 | +8.3% | – |
| 2023 | -93.3% | – |
| 2024 | +136.2% | -90.5% |
| 2025 | +21.4% | -92.5% |
| 2026 | +104.7% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and RENX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACRS and RENX?
As of 2026-08-27, the correlation of weekly returns between ACRS and RENX is -0.42 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is RENX a good diversifier for ACRS?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 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/acrs-vs-renx.json
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Related comparisons
Hubs: ACRS correlations · RENX correlations
