AFJK vs HPQ: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and HP Inc. (HPQ) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and HPQ?
On 3 years of weekly data the AFJK/HPQ correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1160.0 %².
By 3-year correlation, HPQ places #10 of the 29 assets tracked against AFJK. On 12-month performance HPQ holds a 6.5-point edge, +8.4% against +14.9%. One caveat on sizing: AFJK is 5.8 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 HPQ: side by side
| AFJK (Aimei Health Technology Co., Ltd) | HPQ (HP Inc.) | |
|---|---|---|
| 1-year return | +8.4% | +14.9% |
| 5-year return | n/a | +19.9% |
| Volatility (ann.) | 197.3% | 34.2% |
| Beta vs S&P 500 | 0.18 | 1.15 |
| Max drawdown (3Y) | -86.8% | -51.2% |
| Market cap | – | $26.7B |
| P/E (trailing) | 174.3 | 11.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AFJK | HPQ |
|---|---|---|
| 2022 | – | -26.4% |
| 2023 | – | +16.1% |
| 2024 | – | +12.1% |
| 2025 | +498.2% | -28.7% |
| 2026 | -80.9% | +36.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and HPQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between AFJK and HPQ?
The AFJK/HPQ correlation stands at -0.16 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is HPQ a good diversifier for AFJK?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afjk-vs-hpq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afjk-vs-hpq/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: AFJK correlations · HPQ correlations
