ERNA vs EZGO: Correlation
Measured on weekly returns over the past three years, Ernexa Therapeutics Inc. (ERNA) and EZGO Technologies Ltd. (EZGO) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERNA and EZGO?
On 3 years of weekly data the ERNA/EZGO correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.54) than the 3-year average (-0.30). The 5-year figure is -0.17, and annualized covariance runs at -4636.9 %².
Out of 14 assets tracked against ERNA, EZGO lands near the bottom at #13. The trailing year gives ERNA the advantage: -86.4% versus -99.9%, a 13.5-point spread.
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.
ERNA vs EZGO: side by side
| ERNA (Ernexa Therapeutics Inc.) | EZGO (EZGO Technologies Ltd.) | |
|---|---|---|
| 1-year return | -86.4% | -99.9% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 131.2% | 118.7% |
| Beta vs S&P 500 | 1.62 | 1.16 |
| Max drawdown (3Y) | -99.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERNA | EZGO |
|---|---|---|
| 2022 | -96.1% | -55.2% |
| 2023 | -44.1% | -82.8% |
| 2024 | -83.9% | -82.2% |
| 2025 | -72.4% | -90.3% |
| 2026 | -84.2% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERNA and EZGO good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ERNA and EZGO?
The ERNA/EZGO correlation stands at -0.30 on a 3-year window (1 year: -0.54, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is EZGO a good diversifier for ERNA?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/erna-vs-ezgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/erna-vs-ezgo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ERNA correlations · EZGO correlations
