PED vs TJX: Correlation
Measured on weekly returns over the past three years, Pedevco Corp. (PED) and TJX Companies (TJX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PED and TJX?
Across a 3-year window, the weekly returns of PED and TJX correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -251.9 %².
Among the 22 assets we track against PED, TJX sits near the bottom by co-movement, at rank #18. The trailing year gives PED the advantage: +13.1% versus -1.0%, a 14.1-point spread. Risk is not evenly split, since PED carries 3.0 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.
PED vs TJX: side by side
| PED (Pedevco Corp.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +13.1% | -1.0% |
| 5-year return | -39.7% | +98.2% |
| Volatility (ann.) | 54.0% | 18.3% |
| Beta vs S&P 500 | -0.28 | 0.45 |
| Max drawdown (3Y) | -58.3% | -20.1% |
| Market cap | $0.2B | $148.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | PED | TJX |
|---|---|---|
| 2022 | +3.8% | +6.7% |
| 2023 | -30.0% | +19.7% |
| 2024 | +1.0% | +30.6% |
| 2025 | -28.0% | +28.7% |
| 2026 | +19.6% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PED and TJX good diversifiers for each other?
Yes. With a correlation of -0.25, PED and TJX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PED and TJX?
As of 2026-08-27, the correlation of weekly returns between PED and TJX is -0.25 over 3 years, -0.34 over 1 year and -0.10 over 5 years.
Is TJX a good diversifier for PED?
Yes. With a correlation of -0.25, PED and TJX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/ped-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ped-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PED correlations · TJX correlations
