ATGL vs RENX: Correlation
Measured on weekly returns over the past three years, Alpha Technology Group Limited - Class A (ATGL) and RenX Enterprises Corp. (RENX) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATGL and RENX?
Over the past 3 years, ATGL and RENX moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.61). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 50635.8 %².
In ATGL's tracked universe of 11 assets, RENX sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ATGL ahead by 15.0 points (-76.0% versus -91.0%).
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.
ATGL vs RENX: side by side
| ATGL (Alpha Technology Group Limited - Class A) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | -76.0% | -91.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 253.1% | 322.0% |
| Beta vs S&P 500 | 0.71 | 1.58 |
| Max drawdown (3Y) | -95.9% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATGL | RENX |
|---|---|---|
| 2024 | +11.3% | -90.5% |
| 2025 | +48.0% | -92.5% |
| 2026 | -65.5% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATGL and RENX good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ATGL and RENX?
As of 2026-08-27, the correlation of weekly returns between ATGL and RENX is 0.61 over 3 years, 0.02 over 1 year and n/a over 5 years.
Is RENX a good diversifier for ATGL?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
A reading of 0.61 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/atgl-vs-renx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atgl-vs-renx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATGL correlations · RENX correlations
