SCKT vs TENX: Correlation
Measured on weekly returns over the past three years, Socket Mobile, Inc. (SCKT) and Tenax Therapeutics, Inc. (TENX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCKT and TENX?
On 3 years of weekly data the SCKT/TENX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.72) runs below the 3-year figure (-0.32). The 5-year figure is -0.22, and annualized covariance runs at -5297.2 %².
Among the 10 assets we track against SCKT, TENX sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with SCKT ahead by 33.2 points (-29.8% versus -63.0%).
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.
SCKT vs TENX: side by side
| SCKT (Socket Mobile, Inc.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -29.8% | -63.0% |
| 5-year return | -89.6% | -99.9% |
| Volatility (ann.) | 128.9% | 127.0% |
| Beta vs S&P 500 | 0.82 | 0.95 |
| Max drawdown (3Y) | -75.9% | -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 | SCKT | TENX |
|---|---|---|
| 2022 | -52.7% | -89.3% |
| 2023 | -39.9% | -87.6% |
| 2024 | +14.7% | -71.9% |
| 2025 | -23.3% | +96.9% |
| 2026 | -29.1% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCKT and TENX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SCKT and TENX?
As of 2026-08-27, the correlation of weekly returns between SCKT and TENX is -0.32 over 3 years, -0.72 over 1 year and -0.22 over 5 years.
Is TENX a good diversifier for SCKT?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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/sckt-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sckt-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCKT correlations · TENX correlations
