ACH vs SCKT: Correlation
Measured on weekly returns over the past three years, Accendra Health, Inc. (ACH) and Socket Mobile, Inc. (SCKT) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACH and SCKT?
On 3 years of weekly data the ACH/SCKT correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.66) than the 3-year average (-0.42). The 5-year figure is -0.35, and annualized covariance runs at -4792.5 %².
Among the 16 assets we track against ACH, SCKT sits near the bottom by co-movement, at rank #16. The last year tells two different stories: SCKT led by 45.5 percentage points, -75.3% for ACH against -29.8% for SCKT.
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 SCKT: side by side
| ACH (Accendra Health, Inc.) | SCKT (Socket Mobile, Inc.) | |
|---|---|---|
| 1-year return | -75.3% | -29.8% |
| 5-year return | -96.8% | -89.6% |
| Volatility (ann.) | 89.1% | 128.9% |
| Beta vs S&P 500 | 1.37 | 0.82 |
| Max drawdown (3Y) | -96.6% | -75.9% |
| 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 | SCKT |
|---|---|---|
| 2022 | -55.1% | -52.7% |
| 2023 | -1.3% | -39.9% |
| 2024 | -32.2% | +14.7% |
| 2025 | -78.6% | -23.3% |
| 2026 | -56.8% | -29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACH and SCKT good diversifiers for each other?
Yes. With a correlation of -0.42, ACH and SCKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACH and SCKT?
As of 2026-08-27, the correlation of weekly returns between ACH and SCKT is -0.42 over 3 years, -0.66 over 1 year and -0.35 over 5 years.
Is SCKT a good diversifier for ACH?
Yes. With a correlation of -0.42, ACH and SCKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 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/ach-vs-sckt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ach-vs-sckt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACH correlations · SCKT correlations
