AFJK vs CNCK: Correlation
Measured on weekly returns over the past three years, Aimei Health Technology Co., Ltd (AFJK) and Coincheck Group N.V. (CNCK) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and CNCK?
On 3 years of weekly data the AFJK/CNCK correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -3776.9 %².
By 3-year correlation, CNCK places #13 of the 29 assets tracked against AFJK. Correlation aside, the last 12 months split them widely, with AFJK ahead by 68.1 points (+8.4% versus -59.7%). Note the risk asymmetry: AFJK runs 2.2 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 CNCK: side by side
| AFJK (Aimei Health Technology Co., Ltd) | CNCK (Coincheck Group N.V.) | |
|---|---|---|
| 1-year return | +8.4% | -59.7% |
| 5-year return | n/a | -78.6% |
| Volatility (ann.) | 197.3% | 91.0% |
| Beta vs S&P 500 | 0.18 | 0.99 |
| Max drawdown (3Y) | -86.8% | -89.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | 174.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | CNCK |
|---|---|---|
| 2022 | – | +1.8% |
| 2023 | – | +2.9% |
| 2024 | – | -13.0% |
| 2025 | +498.2% | -71.7% |
| 2026 | -80.9% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and CNCK good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AFJK and CNCK?
The AFJK/CNCK correlation stands at -0.20 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CNCK a good diversifier for AFJK?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: AFJK correlations · CNCK correlations
