AEC vs DNN: Correlation
Measured on weekly returns over the past three years, Anfield Energy Inc. (AEC) and Denison Mines Corp (DNN) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEC and DNN?
On 3 years of weekly data the AEC/DNN correlation comes out at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.49). The 5-year figure is 0.46, and annualized covariance runs at 2814.1 %².
DNN is one of the assets that tracks AEC most closely: it ranks #3 out of the 11 assets we track against AEC. Correlation aside, the last 12 months split them widely, with DNN ahead by 80.1 points (-11.0% versus +69.1%). Risk is not evenly split, since AEC carries 1.8 times the volatility of the other side.
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.
AEC vs DNN: side by side
| AEC (Anfield Energy Inc.) | DNN (Denison Mines Corp) | |
|---|---|---|
| 1-year return | -11.0% | +69.1% |
| 5-year return | -37.7% | +211.0% |
| Volatility (ann.) | 102.5% | 55.6% |
| Beta vs S&P 500 | 1.85 | 1.35 |
| Max drawdown (3Y) | -65.7% | -52.5% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEC | DNN |
|---|---|---|
| 2022 | -50.0% | -16.1% |
| 2023 | +50.0% | +53.9% |
| 2024 | +0.0% | +1.7% |
| 2025 | +14.0% | +47.8% |
| 2026 | -9.0% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEC and DNN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEC and DNN?
As of 2026-08-27, the correlation of weekly returns between AEC and DNN is 0.49 over 3 years, 0.69 over 1 year and 0.46 over 5 years.
Is DNN a good diversifier for AEC?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
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Related comparisons
Hubs: AEC correlations · DNN correlations
