AEHL vs RCON: Correlation
How closely do Antelope Enterprise Holdings Limited - Class A (AEHL) and Recon Technology, Ltd. - Class A (RCON) trade together? Their weekly returns over three years give a correlation of 0.97, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and RCON?
Across a 3-year window, the weekly returns of AEHL and RCON correlate at 0.97, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.97 lands near the 3-year figure. Stretching to 5 years gives 0.96, with an annualized covariance of 15814814.2 %².
Among the 26 assets we track against AEHL, RCON ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RCON ahead by 51.0 points (-73.6% versus -22.6%). Risk is not evenly split, since RCON carries 11.5 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 RCON: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -73.6% | -22.6% |
| 5-year return | -99.9% | -97.1% |
| Volatility (ann.) | 1193.4% | 13728.9% |
| Beta vs S&P 500 | 1.91 | 22.04 |
| 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 | RCON |
|---|---|---|
| 2022 | -62.9% | -3.8% |
| 2023 | -56.1% | -81.7% |
| 2024 | -91.1% | -49.5% |
| 2025 | -80.8% | -24.4% |
| 2026 | -52.1% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and RCON good diversifiers for each other?
No. With a correlation of 0.97, AEHL and RCON move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AEHL and RCON?
Using weekly returns as of 2026-08-27: 0.97 over 3 years, with 0.97 over the last year and 0.96 over 5 years.
Is RCON a good diversifier for AEHL?
No. With a correlation of 0.97, AEHL and RCON move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.97 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/aehl-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aehl-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEHL correlations · RCON correlations
