ATGL vs TENX: Correlation
Measured on weekly returns over the past three years, Alpha Technology Group Limited - Class A (ATGL) and Tenax Therapeutics, Inc. (TENX) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATGL and TENX?
Across a 3-year window, the weekly returns of ATGL and TENX correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.48 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 15732.1 %².
Few assets follow ATGL as closely as TENX, which ranks #2 of 11 tracked partners. The trailing year gives TENX the advantage: -76.0% versus -63.0%, a 13.0-point spread. Risk is not evenly split, since ATGL carries 2.0 times the volatility of the other side.
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 TENX: side by side
| ATGL (Alpha Technology Group Limited - Class A) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -76.0% | -63.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 253.1% | 127.0% |
| Beta vs S&P 500 | 0.71 | 0.95 |
| Max drawdown (3Y) | -95.9% | -97.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATGL | TENX |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | – | -87.6% |
| 2024 | +11.3% | -71.9% |
| 2025 | +48.0% | +96.9% |
| 2026 | -65.5% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATGL and TENX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATGL and TENX?
As of 2026-08-27, the correlation of weekly returns between ATGL and TENX is 0.48 over 3 years, 0.18 over 1 year and n/a over 5 years.
Is TENX a good diversifier for ATGL?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/atgl-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atgl-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATGL correlations · TENX correlations
