SQFT vs TBN: Correlation
How closely do Presidio Property Trust, Inc. (SQFT) and Tamboran Resources Corporation (TBN) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SQFT and TBN?
Across a 3-year window, the weekly returns of SQFT and TBN correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.25 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1198.8 %².
Out of 11 assets tracked against SQFT, TBN lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months TBN outperformed by 157.5 percentage points (-70.8% for SQFT against +86.7% for TBN). Note the risk asymmetry: SQFT runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SQFT vs TBN: side by side
| SQFT (Presidio Property Trust, Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | -70.8% | +86.7% |
| 5-year return | -95.2% | n/a |
| Volatility (ann.) | 90.2% | 52.6% |
| Beta vs S&P 500 | 1.55 | -0.08 |
| Max drawdown (3Y) | -89.7% | -38.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SQFT | TBN |
|---|---|---|
| 2022 | -73.4% | – |
| 2023 | +19.5% | – |
| 2024 | -22.3% | – |
| 2025 | -58.4% | +29.7% |
| 2026 | -54.1% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SQFT and TBN good diversifiers for each other?
Yes. With a correlation of -0.25, SQFT and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SQFT and TBN?
As of 2026-08-27, the correlation of weekly returns between SQFT and TBN is -0.25 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is TBN a good diversifier for SQFT?
Yes. With a correlation of -0.25, SQFT and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
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Related comparisons
Hubs: SQFT correlations · TBN correlations
