AFJK vs RZLT: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and Rezolute, Inc. (RZLT) trade together? Their weekly returns over three years give a correlation of -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and RZLT?
On 3 years of weekly data the AFJK/RZLT correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.38). The 5-year figure is n/a, and annualized covariance runs at -8125.3 %².
Among the 29 assets we track against AFJK, RZLT sits near the bottom by co-movement, at rank #29. Correlation aside, the last 12 months split them widely, with AFJK ahead by 39.2 points (+8.4% versus -30.8%). Risk is not evenly split, since AFJK carries 1.9 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 RZLT: side by side
| AFJK (Aimei Health Technology Co., Ltd) | RZLT (Rezolute, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -30.8% |
| 5-year return | n/a | -47.6% |
| Volatility (ann.) | 197.3% | 103.6% |
| Beta vs S&P 500 | 0.18 | 0.65 |
| Max drawdown (3Y) | -86.8% | -87.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | 174.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | RZLT |
|---|---|---|
| 2022 | – | -56.7% |
| 2023 | – | -52.0% |
| 2024 | – | +393.5% |
| 2025 | +498.2% | -51.8% |
| 2026 | -80.9% | +111.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and RZLT good diversifiers for each other?
Yes. With a correlation of -0.38, AFJK and RZLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFJK and RZLT?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.52 over the last year and n/a over 5 years.
Is RZLT a good diversifier for AFJK?
Yes. With a correlation of -0.38, AFJK and RZLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afjk-vs-rzlt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afjk-vs-rzlt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFJK correlations · RZLT correlations
