AFRI vs UCFI: Correlation
How closely do Forafric Global PLC (AFRI) and CN Healthy Food Tech Group Corp. (UCFI) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRI and UCFI?
Across a 3-year window, the weekly returns of AFRI and UCFI correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 567.3 %².
Few assets follow AFRI as closely as UCFI, which ranks #2 of 11 tracked partners. The last year tells two different stories: AFRI led by 78.5 percentage points, +24.4% for AFRI against -54.1% for UCFI. Note the risk asymmetry: UCFI runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AFRI vs UCFI: side by side
| AFRI (Forafric Global PLC) | UCFI (CN Healthy Food Tech Group Corp.) | |
|---|---|---|
| 1-year return | +24.4% | -54.1% |
| 5-year return | +9.0% | n/a |
| Volatility (ann.) | 21.7% | 66.8% |
| Beta vs S&P 500 | 0.33 | -0.21 |
| Max drawdown (3Y) | -34.3% | -67.3% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | 30.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFRI | UCFI |
|---|---|---|
| 2022 | +9.7% | – |
| 2023 | -4.6% | – |
| 2024 | -3.2% | – |
| 2025 | +7.6% | -46.5% |
| 2026 | -1.1% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRI and UCFI good diversifiers for each other?
Reasonably. At 0.37, AFRI and UCFI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AFRI and UCFI?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.18 over the last year and n/a over 5 years.
Is UCFI a good diversifier for AFRI?
Reasonably. At 0.37, AFRI and UCFI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/afri-vs-ucfi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afri-vs-ucfi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFRI correlations · UCFI correlations
