AEHL vs SMXT: Correlation
How closely do Antelope Enterprise Holdings Limited - Class A (AEHL) and Solarmax Technology Inc. (SMXT) trade together? Their weekly returns over three years give a correlation of 0.96, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and SMXT?
Across a 3-year window, the weekly returns of AEHL and SMXT correlate at 0.96, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.98 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 1192935.6 %².
By 3-year correlation, SMXT places #8 of the 26 assets tracked against AEHL. Their recent paths diverged sharply: over the last 12 months SMXT outperformed by 213.3 percentage points (-73.6% for AEHL against +139.7% for SMXT).
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 SMXT: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | SMXT (Solarmax Technology Inc.) | |
|---|---|---|
| 1-year return | -73.6% | +139.7% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 1193.4% | 947.0% |
| Beta vs S&P 500 | 1.91 | 2.41 |
| Max drawdown (3Y) | -100.0% | -98.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | SMXT |
|---|---|---|
| 2022 | -62.9% | – |
| 2023 | -56.1% | – |
| 2024 | -91.1% | – |
| 2025 | -80.8% | -49.3% |
| 2026 | -52.1% | +267.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and SMXT good diversifiers for each other?
Not really. At 0.96, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AEHL and SMXT?
Using weekly returns as of 2026-08-27: 0.96 over 3 years, with 0.98 over the last year and n/a over 5 years.
Is SMXT a good diversifier for AEHL?
Not really. At 0.96, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.96 mean?
A reading of 0.96 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/aehl-vs-smxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aehl-vs-smxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEHL correlations · SMXT correlations
