AEHL vs CXAI: Correlation
How closely do Antelope Enterprise Holdings Limited - Class A (AEHL) and CXApp Inc. (CXAI) trade together? Their weekly returns over three years give a correlation of 0.93, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and CXAI?
Over the past 3 years, AEHL and CXAI moved with a correlation of 0.93, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.94 lands near the 3-year figure. Over 5 years the correlation is 0.92, and the annualized covariance of weekly returns is 4162476.8 %².
Among the 26 assets we track against AEHL, CXAI ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CXAI outperformed by 481.3 percentage points (-73.6% for AEHL against +407.7% for CXAI). Note the risk asymmetry: CXAI runs 3.1 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.
AEHL vs CXAI: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | CXAI (CXApp Inc.) | |
|---|---|---|
| 1-year return | -73.6% | +407.7% |
| 5-year return | -99.9% | -60.0% |
| Volatility (ann.) | 1193.4% | 3738.0% |
| Beta vs S&P 500 | 1.91 | 6.69 |
| Max drawdown (3Y) | -100.0% | -98.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | CXAI |
|---|---|---|
| 2022 | -62.9% | +0.8% |
| 2023 | -56.1% | -87.2% |
| 2024 | -91.1% | +41.1% |
| 2025 | -80.8% | -81.8% |
| 2026 | -52.1% | +1092.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and CXAI good diversifiers for each other?
No: a correlation of 0.93 means AEHL and CXAI tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AEHL and CXAI?
Using weekly returns as of 2026-08-27: 0.93 over 3 years, with 0.94 over the last year and 0.92 over 5 years.
Is CXAI a good diversifier for AEHL?
No: a correlation of 0.93 means AEHL and CXAI tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.93 mean?
A reading of 0.93 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: AEHL correlations · CXAI correlations
