EU vs PARA: Correlation
enCore Energy Corp. (EU) and Banzai International, Inc. (PARA) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EU and PARA?
Over the past 3 years, EU and PARA moved with a correlation of 0.24, which is weak. The link has tightened recently: the 1-year correlation (0.40) runs above the 3-year figure (0.24). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 1885.4 %².
Among the 12 assets we track against EU, PARA sits near the bottom by co-movement, at rank #9. The last year tells two different stories: EU led by 59.2 percentage points, -39.0% for EU against -98.2% for PARA. One caveat on sizing: PARA is 1.7 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.
EU vs PARA: side by side
| EU (enCore Energy Corp.) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | -39.0% | -98.2% |
| 5-year return | -60.1% | -100.0% |
| Volatility (ann.) | 67.3% | 114.5% |
| Beta vs S&P 500 | 1.98 | -0.02 |
| Max drawdown (3Y) | -78.7% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EU | PARA |
|---|---|---|
| 2022 | -39.0% | +3.7% |
| 2023 | +66.5% | -81.4% |
| 2024 | -13.2% | -98.4% |
| 2025 | -27.3% | -93.7% |
| 2026 | -44.0% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EU and PARA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EU and PARA?
As of 2026-08-27, the correlation of weekly returns between EU and PARA is 0.24 over 3 years, 0.40 over 1 year and 0.19 over 5 years.
Is PARA a good diversifier for EU?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 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: EU correlations · PARA correlations
