ASTC vs PNRG: Correlation
Astrotech Corporation (ASTC) and PrimeEnergy Resources Corporation (PNRG) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and PNRG?
On 3 years of weekly data the ASTC/PNRG correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.60) runs below the 3-year figure (-0.39). The 5-year figure is -0.33, and annualized covariance runs at -25882.5 %².
Out of 47 assets tracked against ASTC, PNRG lands near the bottom at #46. Neither side won the trailing year by much: +37.5% against +37.2%. Note the risk asymmetry: ASTC runs 22.0 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.
ASTC vs PNRG: side by side
| ASTC (Astrotech Corporation) | PNRG (PrimeEnergy Resources Corporation) | |
|---|---|---|
| 1-year return | +37.5% | +37.2% |
| 5-year return | -78.4% | +312.9% |
| Volatility (ann.) | 1206.9% | 54.8% |
| Beta vs S&P 500 | 4.81 | 0.69 |
| Max drawdown (3Y) | -87.5% | -44.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | PNRG |
|---|---|---|
| 2022 | -51.0% | +23.9% |
| 2023 | -15.0% | +22.4% |
| 2024 | -20.8% | +106.5% |
| 2025 | -48.5% | -22.1% |
| 2026 | +105.8% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and PNRG good diversifiers for each other?
Yes. With a correlation of -0.39, ASTC and PNRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASTC and PNRG?
As of 2026-08-27, the correlation of weekly returns between ASTC and PNRG is -0.39 over 3 years, -0.60 over 1 year and -0.33 over 5 years.
Is PNRG a good diversifier for ASTC?
Yes. With a correlation of -0.39, ASTC and PNRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 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/astc-vs-pnrg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/astc-vs-pnrg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTC correlations · PNRG correlations
