AEHL vs ELPW: Correlation
Antelope Enterprise Holdings Limited - Class A (AEHL) and Elong Power Holding Limited - Class A (ELPW) show a very strong relationship: their 3-year correlation of weekly returns is 0.93.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and ELPW?
On 3 years of weekly data the AEHL/ELPW correlation comes out at 0.93, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.94 over 1 year against 0.93 over 3. The 5-year figure is n/a, and annualized covariance runs at 3716435.8 %².
By 3-year correlation, ELPW places #11 of the 26 assets tracked against AEHL. The last year tells two different stories: AEHL led by 25.4 percentage points, -73.6% for AEHL against -99.0% for ELPW. Risk is not evenly split, since ELPW carries 2.8 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.
AEHL vs ELPW: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | ELPW (Elong Power Holding Limited - Class A) | |
|---|---|---|
| 1-year return | -73.6% | -99.0% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 1193.4% | 3332.8% |
| Beta vs S&P 500 | 1.91 | 3.98 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | ELPW |
|---|---|---|
| 2022 | -62.9% | – |
| 2023 | -56.1% | – |
| 2024 | -91.1% | -87.5% |
| 2025 | -80.8% | -91.4% |
| 2026 | -52.1% | -97.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and ELPW good diversifiers for each other?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AEHL and ELPW?
Using weekly returns as of 2026-08-27: 0.93 over 3 years, with 0.94 over the last year and n/a over 5 years.
Is ELPW a good diversifier for AEHL?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.93 mean?
On the −1 to +1 scale, 0.93 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aehl-vs-elpw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aehl-vs-elpw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEHL correlations · ELPW correlations
