HAO vs TENX: Correlation
Haoxi Health Technology Limited - Class A Ord Share (HAO) and Tenax Therapeutics, Inc. (TENX) show a negative relationship: their 3-year correlation of weekly returns is -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and TENX?
Over the past 3 years, HAO and TENX moved with a correlation of -0.45, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.66) runs below the 3-year figure (-0.45). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -93039.8 %².
TENX is close to the least connected end of HAO's tracked universe, ranking #25 of 26. Their recent paths diverged sharply: over the last 12 months TENX outperformed by 34.9 percentage points (-97.9% for HAO against -63.0% for TENX). One caveat on sizing: HAO is 17.9 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.
HAO vs TENX: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -97.9% | -63.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 2273.9% | 127.0% |
| Beta vs S&P 500 | -2.44 | 0.95 |
| Max drawdown (3Y) | -100.0% | -97.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAO | TENX |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | – | -87.6% |
| 2024 | – | -71.9% |
| 2025 | +613.3% | +96.9% |
| 2026 | -97.7% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and TENX good diversifiers for each other?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAO and TENX?
As of 2026-08-27, the correlation of weekly returns between HAO and TENX is -0.45 over 3 years, -0.66 over 1 year and n/a over 5 years.
Is TENX a good diversifier for HAO?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
What does a correlation of -0.45 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hao-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hao-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAO correlations · TENX correlations
