PNRG vs SCLX: Correlation
Measured on weekly returns over the past three years, PrimeEnergy Resources Corporation (PNRG) and Scilex Holding Company (SCLX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNRG and SCLX?
Across a 3-year window, the weekly returns of PNRG and SCLX correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.22). Stretching to 5 years gives -0.13, with an annualized covariance of -1547.1 %².
SCLX is close to the least connected end of PNRG's tracked universe, ranking #9 of 13. The last year tells two different stories: PNRG led by 87.6 percentage points, +37.2% for PNRG against -50.4% for SCLX. One caveat on sizing: SCLX is 2.3 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.
PNRG vs SCLX: side by side
| PNRG (PrimeEnergy Resources Corporation) | SCLX (Scilex Holding Company) | |
|---|---|---|
| 1-year return | +37.2% | -50.4% |
| 5-year return | +312.9% | -97.4% |
| Volatility (ann.) | 54.8% | 125.7% |
| Beta vs S&P 500 | 0.69 | 1.06 |
| Max drawdown (3Y) | -44.6% | -96.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNRG | SCLX |
|---|---|---|
| 2022 | +23.9% | -60.3% |
| 2023 | +22.4% | -48.9% |
| 2024 | +106.5% | -79.1% |
| 2025 | -22.1% | -18.2% |
| 2026 | +23.1% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNRG and SCLX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PNRG and SCLX?
As of 2026-08-27, the correlation of weekly returns between PNRG and SCLX is -0.22 over 3 years, -0.35 over 1 year and -0.13 over 5 years.
Is SCLX a good diversifier for PNRG?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pnrg-vs-sclx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pnrg-vs-sclx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PNRG correlations · SCLX correlations
