ACH vs ONFO: Correlation
How closely do Accendra Health, Inc. (ACH) and Onfolio Holdings Inc. (ONFO) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACH and ONFO?
Over the past 3 years, ACH and ONFO moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.35). Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -130044.1 %².
Among the 16 assets we track against ACH, ONFO sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with ONFO ahead by 111.8 points (-75.3% versus +36.5%). Risk is not evenly split, since ONFO carries 46.6 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.
ACH vs ONFO: side by side
| ACH (Accendra Health, Inc.) | ONFO (Onfolio Holdings Inc.) | |
|---|---|---|
| 1-year return | -75.3% | +36.5% |
| 5-year return | -96.8% | n/a |
| Volatility (ann.) | 89.1% | 4150.5% |
| Beta vs S&P 500 | 1.37 | 6.65 |
| Max drawdown (3Y) | -96.6% | -99.3% |
| 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 | ONFO |
|---|---|---|
| 2022 | -55.1% | – |
| 2023 | -1.3% | -66.4% |
| 2024 | -32.2% | +162.7% |
| 2025 | -78.6% | -49.3% |
| 2026 | -56.8% | +109.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACH and ONFO good diversifiers for each other?
Yes. With a correlation of -0.35, ACH and ONFO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACH and ONFO?
As of 2026-08-27, the correlation of weekly returns between ACH and ONFO is -0.35 over 3 years, -0.51 over 1 year and -0.32 over 5 years.
Is ONFO a good diversifier for ACH?
Yes. With a correlation of -0.35, ACH and ONFO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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: ACH correlations · ONFO correlations
