KINS vs RENX: Correlation
How closely do Kingstone Companies, Inc (KINS) and RenX Enterprises Corp. (RENX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KINS and RENX?
Over the past 3 years, KINS and RENX moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.39). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8734.0 %².
Within KINS's tracked universe of 11 assets, RENX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KINS ahead by 144.1 points (+53.1% versus -91.0%). Risk is not evenly split, since RENX carries 4.7 times the volatility of the other side.
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.
KINS vs RENX: side by side
| KINS (Kingstone Companies, Inc) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +53.1% | -91.0% |
| 5-year return | +201.6% | n/a |
| Volatility (ann.) | 69.2% | 322.0% |
| Beta vs S&P 500 | 0.71 | 1.58 |
| Max drawdown (3Y) | -38.8% | -99.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | 8.2 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KINS | RENX |
|---|---|---|
| 2022 | -72.3% | – |
| 2023 | +57.8% | – |
| 2024 | +613.1% | -90.5% |
| 2025 | +11.5% | -92.5% |
| 2026 | +20.5% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KINS and RENX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KINS and RENX?
The KINS/RENX correlation stands at 0.39 on a 3-year window (1 year: 0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RENX a good diversifier for KINS?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/kins-vs-renx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kins-vs-renx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KINS correlations · RENX correlations
