ACH vs AEHL: Correlation
Accendra Health, Inc. (ACH) and Antelope Enterprise Holdings Limited - Class A (AEHL) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACH and AEHL?
Over the past 3 years, ACH and AEHL moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.33). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -35567.5 %².
By 3-year correlation, AEHL places #10 of the 16 assets tracked against ACH. Their 12-month results are close: -75.3% for ACH against -73.6% for AEHL. One caveat on sizing: AEHL is 13.4 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.
ACH vs AEHL: side by side
| ACH (Accendra Health, Inc.) | AEHL (Antelope Enterprise Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -75.3% | -73.6% |
| 5-year return | -96.8% | -99.9% |
| Volatility (ann.) | 89.1% | 1193.4% |
| Beta vs S&P 500 | 1.37 | 1.91 |
| Max drawdown (3Y) | -96.6% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACH | AEHL |
|---|---|---|
| 2022 | -55.1% | -62.9% |
| 2023 | -1.3% | -56.1% |
| 2024 | -32.2% | -91.1% |
| 2025 | -78.6% | -80.8% |
| 2026 | -56.8% | -52.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACH and AEHL good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACH and AEHL?
As of 2026-08-27, the correlation of weekly returns between ACH and AEHL is -0.33 over 3 years, -0.48 over 1 year and -0.29 over 5 years.
Is AEHL a good diversifier for ACH?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ACH correlations · AEHL correlations
