ACRS vs TENX: Correlation
Aclaris Therapeutics, Inc. (ACRS) and Tenax Therapeutics, Inc. (TENX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and TENX?
On 3 years of weekly data the ACRS/TENX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.25 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -3378.0 %².
TENX is close to the least connected end of ACRS's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months ACRS outperformed by 301.5 percentage points (+238.5% for ACRS against -63.0% for TENX).
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 TENX: side by side
| ACRS (Aclaris Therapeutics, Inc.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +238.5% | -63.0% |
| 5-year return | -60.0% | -99.9% |
| Volatility (ann.) | 105.3% | 127.0% |
| Beta vs S&P 500 | 1.25 | 0.95 |
| Max drawdown (3Y) | -91.9% | -97.2% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRS | TENX |
|---|---|---|
| 2022 | +8.3% | -89.3% |
| 2023 | -93.3% | -87.6% |
| 2024 | +136.2% | -71.9% |
| 2025 | +21.4% | +96.9% |
| 2026 | +104.7% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and TENX good diversifiers for each other?
Yes. With a correlation of -0.25, ACRS and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACRS and TENX?
As of 2026-08-27, the correlation of weekly returns between ACRS and TENX is -0.25 over 3 years, 0.06 over 1 year and -0.16 over 5 years.
Is TENX a good diversifier for ACRS?
Yes. With a correlation of -0.25, ACRS and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acrs-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acrs-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACRS correlations · TENX correlations
