ATRA vs RENX: Correlation
How closely do Atara Biotherapeutics, Inc. (ATRA) and RenX Enterprises Corp. (RENX) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATRA and RENX?
On 3 years of weekly data the ATRA/RENX correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.42 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 20902.1 %².
RENX is one of the assets that tracks ATRA most closely: it ranks #2 out of the 13 assets we track against ATRA. Correlation aside, the last 12 months split them widely, with ATRA ahead by 65.9 points (-25.1% versus -91.0%). Risk is not evenly split, since RENX carries 2.1 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.
ATRA vs RENX: side by side
| ATRA (Atara Biotherapeutics, Inc.) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | -25.1% | -91.0% |
| 5-year return | -97.5% | n/a |
| Volatility (ann.) | 153.2% | 322.0% |
| Beta vs S&P 500 | 1.17 | 1.58 |
| Max drawdown (3Y) | -90.7% | -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 | ATRA | RENX |
|---|---|---|
| 2022 | -79.2% | – |
| 2023 | -84.4% | – |
| 2024 | +3.8% | -90.5% |
| 2025 | +35.9% | -92.5% |
| 2026 | -48.9% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATRA and RENX good diversifiers for each other?
Reasonably. At 0.42, ATRA and RENX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATRA and RENX?
The ATRA/RENX correlation stands at 0.42 on a 3-year window (1 year: -0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RENX a good diversifier for ATRA?
Reasonably. At 0.42, ATRA and RENX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: ATRA correlations · RENX correlations
