ACON vs ITP: Correlation
How closely do Aclarion, Inc. (ACON) and IT Tech Packaging, Inc. (ITP) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACON and ITP?
Across a 3-year window, the weekly returns of ACON and ITP correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.42 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 5357.1 %².
By 3-year correlation, ITP places #4 of the 15 assets tracked against ACON. Their recent paths diverged sharply: over the last 12 months ITP outperformed by 54.5 percentage points (-64.3% for ACON against -9.8% for ITP).
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.
ACON vs ITP: side by side
| ACON (Aclarion, Inc.) | ITP (IT Tech Packaging, Inc.) | |
|---|---|---|
| 1-year return | -64.3% | -9.8% |
| 5-year return | -100.0% | -95.6% |
| Volatility (ann.) | 135.5% | 94.0% |
| Beta vs S&P 500 | 0.88 | 0.05 |
| Max drawdown (3Y) | -100.0% | -76.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACON | ITP |
|---|---|---|
| 2022 | – | -80.0% |
| 2023 | -65.5% | -32.6% |
| 2024 | -95.5% | +93.5% |
| 2025 | -99.6% | -63.3% |
| 2026 | -45.2% | -18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACON and ITP good diversifiers for each other?
Reasonably. At 0.42, ACON and ITP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACON and ITP?
The ACON/ITP correlation stands at 0.42 on a 3-year window (1 year: -0.03, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is ITP a good diversifier for ACON?
Reasonably. At 0.42, ACON and ITP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acon-vs-itp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acon-vs-itp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACON correlations · ITP correlations
