AFJK vs UTSI: Correlation
Measured on weekly returns over the past three years, Aimei Health Technology Co., Ltd (AFJK) and UTStarcom Holdings Corp (UTSI) 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 UTSI?
Over the past 3 years, AFJK and UTSI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2263.7 %².
Within AFJK's tracked universe of 29 assets, UTSI comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AFJK ahead by 16.3 points (+8.4% versus -7.9%). Risk is not evenly split, since AFJK carries 4.1 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 UTSI: side by side
| AFJK (Aimei Health Technology Co., Ltd) | UTSI (UTStarcom Holdings Corp) | |
|---|---|---|
| 1-year return | +8.4% | -7.9% |
| 5-year return | n/a | -54.7% |
| Volatility (ann.) | 197.3% | 48.3% |
| Beta vs S&P 500 | 0.18 | 0.72 |
| Max drawdown (3Y) | -86.8% | -48.1% |
| 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 | UTSI |
|---|---|---|
| 2022 | – | +2.0% |
| 2023 | – | -3.1% |
| 2024 | – | -15.7% |
| 2025 | +498.2% | -12.4% |
| 2026 | -80.9% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and UTSI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AFJK and UTSI?
As of 2026-08-27, the correlation of weekly returns between AFJK and UTSI is -0.23 over 3 years, -0.39 over 1 year and n/a over 5 years.
Is UTSI a good diversifier for AFJK?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afjk-vs-utsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afjk-vs-utsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFJK correlations · UTSI correlations
