AGEN vs PRE: Correlation
How closely do Agenus Inc. (AGEN) and Prenetics Global Limited - Class A (PRE) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGEN and PRE?
Across a 3-year window, the weekly returns of AGEN and PRE correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.36 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 4015.0 %².
By 3-year correlation, PRE places #6 of the 11 assets tracked against AGEN. The last year tells two different stories: PRE led by 182.7 percentage points, +72.0% for AGEN against +254.7% for PRE.
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.
AGEN vs PRE: side by side
| AGEN (Agenus Inc.) | PRE (Prenetics Global Limited - Class A) | |
|---|---|---|
| 1-year return | +72.0% | +254.7% |
| 5-year return | -94.0% | -76.5% |
| Volatility (ann.) | 126.6% | 88.4% |
| Beta vs S&P 500 | 2.72 | 0.46 |
| Max drawdown (3Y) | -94.7% | -64.9% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 2.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGEN | PRE |
|---|---|---|
| 2022 | -25.5% | -74.0% |
| 2023 | -64.8% | -80.3% |
| 2024 | -83.5% | -1.9% |
| 2025 | +14.6% | +171.6% |
| 2026 | +148.7% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGEN and PRE good diversifiers for each other?
Reasonably. At 0.36, AGEN and PRE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGEN and PRE?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with -0.06 over the last year and 0.30 over 5 years.
Is PRE a good diversifier for AGEN?
Reasonably. At 0.36, AGEN and PRE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agen-vs-pre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agen-vs-pre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGEN correlations · PRE correlations
