AFJK vs CMBT: Correlation
Measured on weekly returns over the past three years, Aimei Health Technology Co., Ltd (AFJK) and CMB.TECH NV (CMBT) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and CMBT?
Over the past 3 years, AFJK and CMBT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1783.5 %².
Within AFJK's tracked universe of 29 assets, CMBT comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CMBT outperformed by 135.6 percentage points (+8.4% for AFJK against +144.0% for CMBT). Note the risk asymmetry: AFJK runs 5.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CMBT: side by side
| AFJK (Aimei Health Technology Co., Ltd) | CMBT (CMB.TECH NV) | |
|---|---|---|
| 1-year return | +8.4% | +144.0% |
| 5-year return | n/a | +306.2% |
| Volatility (ann.) | 197.3% | 38.0% |
| Beta vs S&P 500 | 0.18 | 0.67 |
| Max drawdown (3Y) | -86.8% | -57.2% |
| Market cap | – | $5.3B |
| P/E (trailing) | 174.3 | 10.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | CMBT |
|---|---|---|
| 2022 | – | +93.2% |
| 2023 | – | +26.3% |
| 2024 | – | -22.7% |
| 2025 | +498.2% | -2.8% |
| 2026 | -80.9% | +100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and CMBT good diversifiers for each other?
Yes. With a correlation of -0.23, AFJK and CMBT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFJK and CMBT?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.36 over the last year and n/a over 5 years.
Is CMBT a good diversifier for AFJK?
Yes. With a correlation of -0.23, AFJK and CMBT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-cmbt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afjk-vs-cmbt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFJK correlations · CMBT correlations
