AEHL vs GLMD: Correlation
How closely do Antelope Enterprise Holdings Limited - Class A (AEHL) and Galmed Pharmaceuticals Ltd. (GLMD) trade together? Their weekly returns over three years give a correlation of 0.94, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and GLMD?
Over the past 3 years, AEHL and GLMD moved with a correlation of 0.94, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.95 lands near the 3-year figure. Over 5 years the correlation is 0.93, and the annualized covariance of weekly returns is 692481.8 %².
Among the 26 assets we track against AEHL, GLMD ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GLMD ahead by 283.4 points (-73.6% versus +209.8%). Risk is not evenly split, since AEHL carries 1.9 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 GLMD: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | GLMD (Galmed Pharmaceuticals Ltd.) | |
|---|---|---|
| 1-year return | -73.6% | +209.8% |
| 5-year return | -99.9% | -99.3% |
| Volatility (ann.) | 1193.4% | 619.4% |
| Beta vs S&P 500 | 1.91 | 2.45 |
| Max drawdown (3Y) | -100.0% | -96.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | GLMD |
|---|---|---|
| 2022 | -62.9% | -72.5% |
| 2023 | -56.1% | -93.9% |
| 2024 | -91.1% | -41.6% |
| 2025 | -80.8% | -76.5% |
| 2026 | -52.1% | +473.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and GLMD good diversifiers for each other?
No: a correlation of 0.94 means AEHL and GLMD tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AEHL and GLMD?
As of 2026-08-27, the correlation of weekly returns between AEHL and GLMD is 0.94 over 3 years, 0.95 over 1 year and 0.93 over 5 years.
Is GLMD a good diversifier for AEHL?
No: a correlation of 0.94 means AEHL and GLMD tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.94 mean?
On the −1 to +1 scale, 0.94 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-glmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aehl-vs-glmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEHL correlations · GLMD correlations
