AGEN vs SAH: Correlation
Measured on weekly returns over the past three years, Agenus Inc. (AGEN) and Sonic Automotive, Inc. (SAH) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGEN and SAH?
Across a 3-year window, the weekly returns of AGEN and SAH correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.30, with an annualized covariance of 1988.7 %².
Among the 11 assets we track against AGEN, SAH ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AGEN ahead by 76.2 points (+72.0% versus -4.2%). Note the risk asymmetry: AGEN 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.
AGEN vs SAH: side by side
| AGEN (Agenus Inc.) | SAH (Sonic Automotive, Inc.) | |
|---|---|---|
| 1-year return | +72.0% | -4.2% |
| 5-year return | -94.0% | +73.6% |
| Volatility (ann.) | 126.6% | 40.3% |
| Beta vs S&P 500 | 2.72 | 0.91 |
| Max drawdown (3Y) | -94.7% | -33.6% |
| Market cap | $0.4B | $2.5B |
| P/E (trailing) | 2.8 | 12.4 |
| Dividend yield | 0.00% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGEN | SAH |
|---|---|---|
| 2022 | -25.5% | +1.9% |
| 2023 | -64.8% | +16.7% |
| 2024 | -83.5% | +15.2% |
| 2025 | +14.6% | -0.3% |
| 2026 | +148.7% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGEN and SAH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGEN and SAH?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.12 over the last year and 0.30 over 5 years.
Is SAH a good diversifier for AGEN?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/agen-vs-sah.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agen-vs-sah/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGEN correlations · SAH correlations
