AFJK vs VEEV: Correlation
Aimei Health Technology Co., Ltd (AFJK) and Veeva Systems (VEEV) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and VEEV?
Across a 3-year window, the weekly returns of AFJK and VEEV correlate at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.18 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1414.7 %².
Within AFJK's tracked universe of 29 assets, VEEV comes in at #11 by 3-year correlation. On 12-month performance AFJK holds a 12.3-point edge, +8.4% against -3.9%. One caveat on sizing: AFJK is 4.9 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 VEEV: side by side
| AFJK (Aimei Health Technology Co., Ltd) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +8.4% | -3.9% |
| 5-year return | n/a | -15.2% |
| Volatility (ann.) | 197.3% | 40.0% |
| Beta vs S&P 500 | 0.18 | 0.99 |
| Max drawdown (3Y) | -86.8% | -50.5% |
| Market cap | – | $45.8B |
| P/E (trailing) | 174.3 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AFJK | VEEV |
|---|---|---|
| 2022 | – | -36.8% |
| 2023 | – | +19.3% |
| 2024 | – | +9.2% |
| 2025 | +498.2% | +6.2% |
| 2026 | -80.9% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and VEEV good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AFJK and VEEV?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is VEEV a good diversifier for AFJK?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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-veev.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AFJK correlations · VEEV correlations
