BRNX vs RMCF: Correlation
How closely do BrenX Ltd. (BRNX) and Rocky Mountain Chocolate Factory, Inc. (RMCF) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and RMCF?
On 3 years of weekly data the BRNX/RMCF correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.40). The 5-year figure is 0.37, and annualized covariance runs at 14853.0 %².
Within BRNX's tracked universe of 26 assets, RMCF comes in at #15 by 3-year correlation. The last year tells two different stories: RMCF led by 75.0 percentage points, -94.9% for BRNX against -19.9% for RMCF. Risk is not evenly split, since BRNX carries 7.9 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.
BRNX vs RMCF: side by side
| BRNX (BrenX Ltd.) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -19.9% |
| 5-year return | -99.9% | -84.3% |
| Volatility (ann.) | 539.2% | 68.5% |
| Beta vs S&P 500 | 1.25 | 0.77 |
| Max drawdown (3Y) | -100.0% | -87.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | RMCF |
|---|---|---|
| 2022 | – | -27.4% |
| 2023 | -57.4% | -19.3% |
| 2024 | -77.8% | -47.2% |
| 2025 | -92.4% | -21.8% |
| 2026 | -77.6% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and RMCF good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BRNX and RMCF?
The BRNX/RMCF correlation stands at 0.40 on a 3-year window (1 year: 0.55, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is RMCF a good diversifier for BRNX?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/brnx-vs-rmcf.json
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Related comparisons
Hubs: BRNX correlations · RMCF correlations
