AFJK vs VRAX: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and Virax Biolabs Group Limited (VRAX) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and VRAX?
Across a 3-year window, the weekly returns of AFJK and VRAX correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -5869.3 %².
Within AFJK's tracked universe of 29 assets, VRAX comes in at #12 by 3-year correlation. The last year tells two different stories: AFJK led by 88.6 percentage points, +8.4% for AFJK against -80.2% for VRAX.
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 VRAX: side by side
| AFJK (Aimei Health Technology Co., Ltd) | VRAX (Virax Biolabs Group Limited) | |
|---|---|---|
| 1-year return | +8.4% | -80.2% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 197.3% | 158.1% |
| Beta vs S&P 500 | 0.18 | 2.55 |
| Max drawdown (3Y) | -86.8% | -98.4% |
| 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 | VRAX |
|---|---|---|
| 2023 | – | -80.0% |
| 2024 | – | +54.1% |
| 2025 | +498.2% | -84.6% |
| 2026 | -80.9% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and VRAX good diversifiers for each other?
Yes. With a correlation of -0.18, AFJK and VRAX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFJK and VRAX?
The AFJK/VRAX correlation stands at -0.18 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VRAX a good diversifier for AFJK?
Yes. With a correlation of -0.18, AFJK and VRAX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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
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[](https://www.pairbook.io/pair/afjk-vs-vrax/)
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Hubs: AFJK correlations · VRAX correlations
