AFJK vs JZXN: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and Jiuzi Holdings, Inc. (JZXN) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and JZXN?
Over the past 3 years, AFJK and JZXN moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.24 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -8441.7 %².
Within AFJK's tracked universe of 29 assets, JZXN comes in at #20 by 3-year correlation. The last year tells two different stories: AFJK led by 105.0 percentage points, +8.4% for AFJK against -96.6% for JZXN.
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 JZXN: side by side
| AFJK (Aimei Health Technology Co., Ltd) | JZXN (Jiuzi Holdings, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -96.6% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 197.3% | 171.7% |
| Beta vs S&P 500 | 0.18 | 2.26 |
| Max drawdown (3Y) | -86.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 174.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | JZXN |
|---|---|---|
| 2022 | – | -92.0% |
| 2023 | – | -58.7% |
| 2024 | – | -87.7% |
| 2025 | +498.2% | -96.9% |
| 2026 | -80.9% | -34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and JZXN good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AFJK and JZXN?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.38 over the last year and n/a over 5 years.
Is JZXN a good diversifier for AFJK?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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-jzxn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afjk-vs-jzxn/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: AFJK correlations · JZXN correlations
