AFRI vs ZIP: Correlation
Measured on weekly returns over the past three years, Forafric Global PLC (AFRI) and ZipRecruiter, Inc. (ZIP) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRI and ZIP?
Across a 3-year window, the weekly returns of AFRI and ZIP correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.24, with an annualized covariance of 569.4 %².
By 3-year correlation, ZIP places #6 of the 11 assets tracked against AFRI. Their recent paths diverged sharply: over the last 12 months AFRI outperformed by 39.4 percentage points (+24.4% for AFRI against -15.0% for ZIP). Risk is not evenly split, since ZIP carries 3.5 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.
AFRI vs ZIP: side by side
| AFRI (Forafric Global PLC) | ZIP (ZipRecruiter, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | -15.0% |
| 5-year return | +9.0% | -82.4% |
| Volatility (ann.) | 21.7% | 76.2% |
| Beta vs S&P 500 | 0.33 | 1.99 |
| Max drawdown (3Y) | -34.3% | -89.7% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFRI | ZIP |
|---|---|---|
| 2022 | +9.7% | -34.2% |
| 2023 | -4.6% | -15.3% |
| 2024 | -3.2% | -47.9% |
| 2025 | +7.6% | -46.1% |
| 2026 | -1.1% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRI and ZIP good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFRI and ZIP?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.33 over the last year and 0.24 over 5 years.
Is ZIP a good diversifier for AFRI?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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-zip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afri-vs-zip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFRI correlations · ZIP correlations
