AFJK vs TGL: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and Treasure Global Inc. (TGL) 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 TGL?
On 3 years of weekly data the AFJK/TGL correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -7433.6 %².
Within AFJK's tracked universe of 29 assets, TGL comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AFJK ahead by 98.4 points (+8.4% versus -90.0%).
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 TGL: side by side
| AFJK (Aimei Health Technology Co., Ltd) | TGL (Treasure Global Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -90.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 197.3% | 155.0% |
| Beta vs S&P 500 | 0.18 | 0.73 |
| 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 | TGL |
|---|---|---|
| 2023 | – | -94.8% |
| 2024 | – | -97.2% |
| 2025 | +498.2% | -96.5% |
| 2026 | -80.9% | -58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and TGL good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AFJK and TGL?
The AFJK/TGL correlation stands at -0.24 on a 3-year window (1 year: -0.45, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TGL a good diversifier for AFJK?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afjk-vs-tgl.json
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Hubs: AFJK correlations · TGL correlations
