BARK vs TNMG: Correlation
Measured on weekly returns over the past three years, BARK, Inc. (BARK) and TNL Mediagene (TNMG) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BARK and TNMG?
Across a 3-year window, the weekly returns of BARK and TNMG correlate at 0.34, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.34 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 3053.1 %².
Within BARK's tracked universe of 11 assets, TNMG comes in at #6 by 3-year correlation. The last year tells two different stories: BARK led by 55.5 percentage points, -38.6% for BARK against -94.1% for TNMG. One caveat on sizing: TNMG is 1.8 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.
BARK vs TNMG: side by side
| BARK (BARK, Inc.) | TNMG (TNL Mediagene) | |
|---|---|---|
| 1-year return | -38.6% | -94.1% |
| 5-year return | -93.3% | -99.7% |
| Volatility (ann.) | 71.1% | 126.7% |
| Beta vs S&P 500 | 1.47 | 2.05 |
| Max drawdown (3Y) | -82.7% | -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 | BARK | TNMG |
|---|---|---|
| 2022 | -64.7% | – |
| 2023 | -45.9% | +4.9% |
| 2024 | +128.3% | -26.4% |
| 2025 | -67.2% | -98.3% |
| 2026 | -10.0% | -81.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BARK and TNMG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BARK and TNMG?
The BARK/TNMG correlation stands at 0.34 on a 3-year window (1 year: 0.57, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is TNMG a good diversifier for BARK?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/bark-vs-tnmg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bark-vs-tnmg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BARK correlations · TNMG correlations
