RENX vs SENEB: Correlation
RenX Enterprises Corp. (RENX) and Seneca Foods Corp. (SENEB) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RENX and SENEB?
Over the past 3 years, RENX and SENEB moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2691.8 %².
Among the 28 assets we track against RENX, SENEB ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SENEB ahead by 163.9 points (-91.0% versus +72.9%). Risk is not evenly split, since RENX carries 9.6 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.
RENX vs SENEB: side by side
| RENX (RenX Enterprises Corp.) | SENEB (Seneca Foods Corp.) | |
|---|---|---|
| 1-year return | -91.0% | +72.9% |
| 5-year return | n/a | +292.8% |
| Volatility (ann.) | 322.0% | 33.7% |
| Beta vs S&P 500 | 1.58 | 0.14 |
| Max drawdown (3Y) | -99.9% | -22.4% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RENX | SENEB |
|---|---|---|
| 2022 | – | +28.5% |
| 2023 | – | -14.7% |
| 2024 | -90.5% | +53.7% |
| 2025 | -92.5% | +38.0% |
| 2026 | -46.1% | +76.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RENX and SENEB good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RENX and SENEB?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.04 over the last year and n/a over 5 years.
Is SENEB a good diversifier for RENX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/renx-vs-seneb.json
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Related comparisons
Hubs: RENX correlations · SENEB correlations
