AFJK vs LENZ: Correlation
Measured on weekly returns over the past three years, Aimei Health Technology Co., Ltd (AFJK) and LENZ Therapeutics, Inc. (LENZ) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and LENZ?
On 3 years of weekly data the AFJK/LENZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.23 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -3808.3 %².
By 3-year correlation, LENZ places #17 of the 29 assets tracked against AFJK. The last year tells two different stories: AFJK led by 95.5 percentage points, +8.4% for AFJK against -87.1% for LENZ. Risk is not evenly split, since AFJK carries 2.5 times the volatility of the other side.
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 LENZ: side by side
| AFJK (Aimei Health Technology Co., Ltd) | LENZ (LENZ Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -87.1% |
| 5-year return | n/a | -92.9% |
| Volatility (ann.) | 197.3% | 78.6% |
| Beta vs S&P 500 | 0.18 | 1.26 |
| Max drawdown (3Y) | -86.8% | -90.6% |
| Market cap | – | $0.2B |
| P/E (trailing) | 174.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | LENZ |
|---|---|---|
| 2022 | – | -73.3% |
| 2023 | – | -21.1% |
| 2024 | – | +230.7% |
| 2025 | +498.2% | -44.6% |
| 2026 | -80.9% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and LENZ good diversifiers for each other?
Yes. With a correlation of -0.23, AFJK and LENZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFJK and LENZ?
The AFJK/LENZ correlation stands at -0.23 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LENZ a good diversifier for AFJK?
Yes. With a correlation of -0.23, AFJK and LENZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: AFJK correlations · LENZ correlations
