CRNC vs MTEX: Correlation
How closely do Cerence Inc. (CRNC) and Mannatech, Incorporated (MTEX) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and MTEX?
On 3 years of weekly data the CRNC/MTEX correlation comes out at 0.30, moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.30). The 5-year figure is 0.21, and annualized covariance runs at 2679.0 %².
Among the 21 assets we track against CRNC, MTEX ranks #16 by 3-year correlation. The trailing year gives CRNC the advantage: -19.8% versus -28.5%, a 8.7-point spread. Note the risk asymmetry: CRNC runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CRNC vs MTEX: side by side
| CRNC (Cerence Inc.) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | -19.8% | -28.5% |
| 5-year return | -92.5% | -79.1% |
| Volatility (ann.) | 136.3% | 65.8% |
| Beta vs S&P 500 | 2.35 | 0.48 |
| Max drawdown (3Y) | -90.9% | -74.9% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNC | MTEX |
|---|---|---|
| 2022 | -75.8% | -51.7% |
| 2023 | +6.1% | -53.5% |
| 2024 | -60.1% | +65.8% |
| 2025 | +36.2% | -38.6% |
| 2026 | -21.3% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and MTEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRNC and MTEX?
As of 2026-08-27, the correlation of weekly returns between CRNC and MTEX is 0.30 over 3 years, 0.08 over 1 year and 0.21 over 5 years.
Is MTEX a good diversifier for CRNC?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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.
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Related comparisons
Hubs: CRNC correlations · MTEX correlations
