CRNC vs PRFX: Correlation
Cerence Inc. (CRNC) and PRF Technologies Ltd. (PRFX) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and PRFX?
On 3 years of weekly data the CRNC/PRFX correlation comes out at 0.58, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.58). The 5-year figure is 0.53, and annualized covariance runs at 22965.2 %².
PRFX is one of the assets that tracks CRNC most closely: it ranks #1 out of the 21 assets we track against CRNC. Correlation aside, the last 12 months split them widely, with CRNC ahead by 67.9 points (-19.8% versus -87.7%). Risk is not evenly split, since PRFX carries 2.1 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.
CRNC vs PRFX: side by side
| CRNC (Cerence Inc.) | PRFX (PRF Technologies Ltd.) | |
|---|---|---|
| 1-year return | -19.8% | -87.7% |
| 5-year return | -92.5% | -99.9% |
| Volatility (ann.) | 136.3% | 291.2% |
| Beta vs S&P 500 | 2.35 | 2.46 |
| Max drawdown (3Y) | -90.9% | -99.3% |
| 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 | PRFX |
|---|---|---|
| 2022 | -75.8% | -68.9% |
| 2023 | +6.1% | -33.4% |
| 2024 | -60.1% | -79.7% |
| 2025 | +36.2% | -80.9% |
| 2026 | -21.3% | -69.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and PRFX good diversifiers for each other?
Only partially. A correlation of 0.58 means CRNC and PRFX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRNC and PRFX?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.37 over the last year and 0.53 over 5 years.
Is PRFX a good diversifier for CRNC?
Only partially. A correlation of 0.58 means CRNC and PRFX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/crnc-vs-prfx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnc-vs-prfx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRNC correlations · PRFX correlations
