BRNX vs SCKT: Correlation
Measured on weekly returns over the past three years, BrenX Ltd. (BRNX) and Socket Mobile, Inc. (SCKT) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and SCKT?
Over the past 3 years, BRNX and SCKT moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 56773.5 %².
Within BRNX's tracked universe of 26 assets, SCKT comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SCKT outperformed by 65.1 percentage points (-94.9% for BRNX against -29.8% for SCKT). Risk is not evenly split, since BRNX carries 4.2 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 SCKT: side by side
| BRNX (BrenX Ltd.) | SCKT (Socket Mobile, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -29.8% |
| 5-year return | -99.9% | -89.6% |
| Volatility (ann.) | 539.2% | 128.9% |
| Beta vs S&P 500 | 1.25 | 0.82 |
| Max drawdown (3Y) | -100.0% | -75.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | SCKT |
|---|---|---|
| 2022 | – | -52.7% |
| 2023 | -57.4% | -39.9% |
| 2024 | -77.8% | +14.7% |
| 2025 | -92.4% | -23.3% |
| 2026 | -77.6% | -29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and SCKT good diversifiers for each other?
No: a correlation of 0.82 means BRNX and SCKT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BRNX and SCKT?
As of 2026-08-27, the correlation of weekly returns between BRNX and SCKT is 0.82 over 3 years, 0.86 over 1 year and 0.80 over 5 years.
Is SCKT a good diversifier for BRNX?
No: a correlation of 0.82 means BRNX and SCKT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brnx-vs-sckt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brnx-vs-sckt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRNX correlations · SCKT correlations
