CENN vs IRIX: Correlation
Cenntro Inc. (CENN) and IRIDEX Corporation (IRIX) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENN and IRIX?
Across a 3-year window, the weekly returns of CENN and IRIX correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.08, with an annualized covariance of -1296.5 %².
Within CENN's tracked universe of 13 assets, IRIX comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IRIX ahead by 41.6 points (-86.8% versus -45.2%). Risk is not evenly split, since CENN carries 1.6 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.
CENN vs IRIX: side by side
| CENN (Cenntro Inc.) | IRIX (IRIDEX Corporation) | |
|---|---|---|
| 1-year return | -86.8% | -45.2% |
| 5-year return | -100.0% | -90.8% |
| Volatility (ann.) | 98.4% | 60.9% |
| Beta vs S&P 500 | 1.28 | 0.50 |
| Max drawdown (3Y) | -99.8% | -79.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENN | IRIX |
|---|---|---|
| 2022 | -91.8% | -67.1% |
| 2023 | -96.7% | +39.8% |
| 2024 | -25.7% | -40.2% |
| 2025 | -87.3% | -32.1% |
| 2026 | -48.0% | -37.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and IRIX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CENN and IRIX?
The CENN/IRIX correlation stands at -0.22 on a 3-year window (1 year: 0.08, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is IRIX a good diversifier for CENN?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/cenn-vs-irix.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cenn-vs-irix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CENN correlations · IRIX correlations
