ASUR vs RENX: Correlation
Measured on weekly returns over the past three years, Asure Software Inc (ASUR) and RenX Enterprises Corp. (RENX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASUR and RENX?
Over the past 3 years, ASUR and RENX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4157.2 %².
RENX is close to the least connected end of ASUR's tracked universe, ranking #10 of 10. The last year tells two different stories: ASUR led by 98.0 percentage points, +7.0% for ASUR against -91.0% for RENX. One caveat on sizing: RENX is 6.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASUR vs RENX: side by side
| ASUR (Asure Software Inc) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +7.0% | -91.0% |
| 5-year return | +0.4% | n/a |
| Volatility (ann.) | 47.0% | 322.0% |
| Beta vs S&P 500 | 1.16 | 1.58 |
| Max drawdown (3Y) | -45.8% | -99.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASUR | RENX |
|---|---|---|
| 2022 | +19.3% | – |
| 2023 | +1.9% | – |
| 2024 | -1.2% | -90.5% |
| 2025 | +0.1% | -92.5% |
| 2026 | -4.8% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASUR and RENX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASUR and RENX?
As of 2026-08-27, the correlation of weekly returns between ASUR and RENX is -0.28 over 3 years, -0.22 over 1 year and n/a over 5 years.
Is RENX a good diversifier for ASUR?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/asur-vs-renx.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASUR correlations · RENX correlations
