AFJK vs GLBS: Correlation
Aimei Health Technology Co., Ltd (AFJK) and Globus Maritime Limited (GLBS) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and GLBS?
On 3 years of weekly data the AFJK/GLBS correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.25). The 5-year figure is n/a, and annualized covariance runs at -2954.1 %².
Within AFJK's tracked universe of 29 assets, GLBS comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GLBS ahead by 238.7 points (+8.4% versus +247.1%). Note the risk asymmetry: AFJK runs 2.8 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 GLBS: side by side
| AFJK (Aimei Health Technology Co., Ltd) | GLBS (Globus Maritime Limited) | |
|---|---|---|
| 1-year return | +8.4% | +247.1% |
| 5-year return | n/a | +17.2% |
| Volatility (ann.) | 197.3% | 71.4% |
| Beta vs S&P 500 | 0.18 | 0.24 |
| Max drawdown (3Y) | -86.8% | -66.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 174.3 | 11.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | GLBS |
|---|---|---|
| 2022 | – | -50.0% |
| 2023 | – | +152.4% |
| 2024 | – | -55.8% |
| 2025 | +498.2% | +49.6% |
| 2026 | -80.9% | +106.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and GLBS good diversifiers for each other?
Yes. With a correlation of -0.25, AFJK and GLBS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFJK and GLBS?
The AFJK/GLBS correlation stands at -0.25 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GLBS a good diversifier for AFJK?
Yes. With a correlation of -0.25, AFJK and GLBS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-glbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afjk-vs-glbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFJK correlations · GLBS correlations
