HHS vs TENX: Correlation
Harte Hanks, Inc. (HHS) and Tenax Therapeutics, Inc. (TENX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHS and TENX?
Over the past 3 years, HHS and TENX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.28). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -2369.5 %².
Among the 21 assets we track against HHS, TENX sits near the bottom by co-movement, at rank #20. Correlation aside, the last 12 months split them widely, with HHS ahead by 82.9 points (+19.9% versus -63.0%). One caveat on sizing: TENX is 1.9 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.
HHS vs TENX: side by side
| HHS (Harte Hanks, Inc.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | -63.0% |
| 5-year return | -33.4% | -99.9% |
| Volatility (ann.) | 67.2% | 127.0% |
| Beta vs S&P 500 | 0.84 | 0.95 |
| Max drawdown (3Y) | -77.2% | -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 | HHS | TENX |
|---|---|---|
| 2022 | +53.8% | -89.3% |
| 2023 | -41.9% | -87.6% |
| 2024 | -24.2% | -71.9% |
| 2025 | -41.6% | +96.9% |
| 2026 | +43.9% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHS and TENX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between HHS and TENX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.52 over the last year and -0.17 over 5 years.
Is TENX a good diversifier for HHS?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/hhs-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hhs-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HHS correlations · TENX correlations
