AFJK vs LAKE: Correlation
Measured on weekly returns over the past three years, Aimei Health Technology Co., Ltd (AFJK) and Lakeland Industries, Inc. (LAKE) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and LAKE?
On 3 years of weekly data the AFJK/LAKE correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.37 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -4179.2 %².
Among the 29 assets we track against AFJK, LAKE sits near the bottom by co-movement, at rank #28. The last year tells two different stories: AFJK led by 30.9 percentage points, +8.4% for AFJK against -22.5% for LAKE. One caveat on sizing: AFJK is 3.6 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 LAKE: side by side
| AFJK (Aimei Health Technology Co., Ltd) | LAKE (Lakeland Industries, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -22.5% |
| 5-year return | n/a | -49.3% |
| Volatility (ann.) | 197.3% | 55.0% |
| Beta vs S&P 500 | 0.18 | 1.32 |
| Max drawdown (3Y) | -86.8% | -71.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 174.3 | – |
| Dividend yield | 0.00% | 0.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | LAKE |
|---|---|---|
| 2022 | – | -38.7% |
| 2023 | – | +40.6% |
| 2024 | – | +38.7% |
| 2025 | +498.2% | -65.2% |
| 2026 | -80.9% | +35.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and LAKE good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AFJK and LAKE?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.48 over the last year and n/a over 5 years.
Is LAKE a good diversifier for AFJK?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 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-lake.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afjk-vs-lake/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFJK correlations · LAKE correlations
