AFJK vs FCAP: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and First Capital, Inc. (FCAP) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and FCAP?
Across a 3-year window, the weekly returns of AFJK and FCAP correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.43). Stretching to 5 years gives n/a, with an annualized covariance of 3402.7 %².
Within AFJK's tracked universe of 29 assets, FCAP comes in at #6 by 3-year correlation. The last year tells two different stories: FCAP led by 47.4 percentage points, +8.4% for AFJK against +55.8% for FCAP. One caveat on sizing: AFJK is 5.1 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 FCAP: side by side
| AFJK (Aimei Health Technology Co., Ltd) | FCAP (First Capital, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | +55.8% |
| 5-year return | n/a | +72.5% |
| Volatility (ann.) | 197.3% | 38.7% |
| Beta vs S&P 500 | 0.18 | 0.26 |
| Max drawdown (3Y) | -86.8% | -32.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | 174.3 | 11.3 |
| Dividend yield | 0.00% | 2.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | FCAP |
|---|---|---|
| 2022 | – | -36.3% |
| 2023 | – | +16.5% |
| 2024 | – | +20.0% |
| 2025 | +498.2% | +88.4% |
| 2026 | -80.9% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and FCAP good diversifiers for each other?
Reasonably. At 0.43, AFJK and FCAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AFJK and FCAP?
The AFJK/FCAP correlation stands at 0.43 on a 3-year window (1 year: 0.58, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FCAP a good diversifier for AFJK?
Reasonably. At 0.43, AFJK and FCAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/afjk-vs-fcap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afjk-vs-fcap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFJK correlations · FCAP correlations
