BRNX vs TENX: Correlation
How closely do BrenX Ltd. (BRNX) and Tenax Therapeutics, Inc. (TENX) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and TENX?
Across a 3-year window, the weekly returns of BRNX and TENX correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.72 versus -0.37 over 3 years. Stretching to 5 years gives -0.32, with an annualized covariance of -25275.5 %².
TENX is close to the least connected end of BRNX's tracked universe, ranking #25 of 26. Their recent paths diverged sharply: over the last 12 months TENX outperformed by 31.9 percentage points (-94.9% for BRNX against -63.0% for TENX). 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 TENX: side by side
| BRNX (BrenX Ltd.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -63.0% |
| 5-year return | -99.9% | -99.9% |
| Volatility (ann.) | 539.2% | 127.0% |
| Beta vs S&P 500 | 1.25 | 0.95 |
| Max drawdown (3Y) | -100.0% | -97.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | TENX |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | -57.4% | -87.6% |
| 2024 | -77.8% | -71.9% |
| 2025 | -92.4% | +96.9% |
| 2026 | -77.6% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and TENX good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRNX and TENX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.72 over the last year and -0.32 over 5 years.
Is TENX a good diversifier for BRNX?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brnx-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRNX correlations · TENX correlations
