EEIQ vs TBN: Correlation
EpicQuest Education Group International Limited (EEIQ) and Tamboran Resources Corporation (TBN) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEIQ and TBN?
Over the past 3 years, EEIQ and TBN moved with a correlation of 0.37, which is moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.37). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4219.9 %².
By 3-year correlation, TBN places #7 of the 16 assets tracked against EEIQ. Correlation aside, the last 12 months split them widely, with TBN ahead by 155.0 points (-68.3% versus +86.7%). One caveat on sizing: EEIQ is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EEIQ vs TBN: side by side
| EEIQ (EpicQuest Education Group International Limited) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | -68.3% | +86.7% |
| 5-year return | -95.4% | n/a |
| Volatility (ann.) | 193.1% | 52.6% |
| Beta vs S&P 500 | -0.48 | -0.08 |
| Max drawdown (3Y) | -94.3% | -38.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEIQ | TBN |
|---|---|---|
| 2022 | -33.0% | – |
| 2023 | -11.8% | – |
| 2024 | -46.7% | – |
| 2025 | -78.7% | +29.7% |
| 2026 | -25.1% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEIQ and TBN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EEIQ and TBN?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.56 over the last year and n/a over 5 years.
Is TBN a good diversifier for EEIQ?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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: EEIQ correlations · TBN correlations
