RENX vs TENX: Correlation
Measured on weekly returns over the past three years, RenX Enterprises Corp. (RENX) and Tenax Therapeutics, Inc. (TENX) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RENX and TENX?
Across a 3-year window, the weekly returns of RENX and TENX correlate at 0.62, strong. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.62). Stretching to 5 years gives n/a, with an annualized covariance of 25444.2 %².
In RENX's tracked universe of 28 assets, TENX sits right near the top at #1. The last year tells two different stories: TENX led by 28.0 percentage points, -91.0% for RENX against -63.0% for TENX. One caveat on sizing: RENX is 2.5 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.
RENX vs TENX: side by side
| RENX (RenX Enterprises Corp.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -91.0% | -63.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 322.0% | 127.0% |
| Beta vs S&P 500 | 1.58 | 0.95 |
| Max drawdown (3Y) | -99.9% | -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 | RENX | TENX |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | – | -87.6% |
| 2024 | -90.5% | -71.9% |
| 2025 | -92.5% | +96.9% |
| 2026 | -46.1% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RENX and TENX good diversifiers for each other?
Only partially. A correlation of 0.62 means RENX and TENX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RENX and TENX?
As of 2026-08-27, the correlation of weekly returns between RENX and TENX is 0.62 over 3 years, 0.14 over 1 year and n/a over 5 years.
Is TENX a good diversifier for RENX?
Only partially. A correlation of 0.62 means RENX and TENX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/renx-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/renx-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RENX correlations · TENX correlations
