AFJK vs AZO: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and AutoZone (AZO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and AZO?
Over the past 3 years, AFJK and AZO moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.24 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1118.6 %².
Within AFJK's tracked universe of 29 assets, AZO comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AFJK ahead by 38.7 points (+8.4% versus -30.3%). One caveat on sizing: AFJK is 8.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AFJK vs AZO: side by side
| AFJK (Aimei Health Technology Co., Ltd) | AZO (AutoZone) | |
|---|---|---|
| 1-year return | +8.4% | -30.3% |
| 5-year return | n/a | +88.5% |
| Volatility (ann.) | 197.3% | 23.2% |
| Beta vs S&P 500 | 0.18 | 0.31 |
| Max drawdown (3Y) | -86.8% | -32.9% |
| Market cap | – | – |
| P/E (trailing) | 174.3 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AFJK | AZO |
|---|---|---|
| 2022 | – | +17.6% |
| 2023 | – | +4.8% |
| 2024 | – | +23.8% |
| 2025 | +498.2% | +5.9% |
| 2026 | -80.9% | -13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and AZO good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AFJK and AZO?
The AFJK/AZO correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is AZO a good diversifier for AFJK?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/afjk-vs-azo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afjk-vs-azo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFJK correlations · AZO correlations
