ERNA vs WYNN: Correlation
How closely do Ernexa Therapeutics Inc. (ERNA) and Wynn Resorts (WYNN) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERNA and WYNN?
Across a 3-year window, the weekly returns of ERNA and WYNN correlate at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.16 over 3 years. Stretching to 5 years gives -0.01, with an annualized covariance of -732.5 %².
By 3-year correlation, WYNN places #8 of the 14 assets tracked against ERNA. Correlation aside, the last 12 months split them widely, with WYNN ahead by 63.1 points (-86.4% versus -23.3%). Note the risk asymmetry: ERNA runs 3.8 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.
ERNA vs WYNN: side by side
| ERNA (Ernexa Therapeutics Inc.) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -86.4% | -23.3% |
| 5-year return | -100.0% | -2.9% |
| Volatility (ann.) | 131.2% | 34.7% |
| Beta vs S&P 500 | 1.62 | 0.88 |
| Max drawdown (3Y) | -99.7% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ERNA | WYNN |
|---|---|---|
| 2022 | -96.1% | -3.0% |
| 2023 | -44.1% | +11.3% |
| 2024 | -83.9% | -4.4% |
| 2025 | -72.4% | +41.0% |
| 2026 | -84.2% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERNA and WYNN good diversifiers for each other?
Yes. With a correlation of -0.16, ERNA and WYNN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ERNA and WYNN?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.35 over the last year and -0.01 over 5 years.
Is WYNN a good diversifier for ERNA?
Yes. With a correlation of -0.16, ERNA and WYNN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/erna-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/erna-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ERNA correlations · WYNN correlations
