AGIG vs INDO: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and Indonesia Energy Corporation Limited (INDO) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and INDO?
Over the past 3 years, AGIG and INDO moved with a correlation of 0.69, which is strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.69). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 11706.3 %².
In AGIG's tracked universe of 34 assets, INDO sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months INDO outperformed by 87.3 percentage points (-88.7% for AGIG against -1.4% for INDO).
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.
AGIG vs INDO: side by side
| AGIG (Abundia Global Impact Group Inc.) | INDO (Indonesia Energy Corporation Limited) | |
|---|---|---|
| 1-year return | -88.7% | -1.4% |
| 5-year return | -94.6% | -43.5% |
| Volatility (ann.) | 157.1% | 108.1% |
| Beta vs S&P 500 | -0.21 | -0.65 |
| Max drawdown (3Y) | -96.7% | -65.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | INDO |
|---|---|---|
| 2022 | +140.6% | +66.4% |
| 2023 | -48.0% | -41.8% |
| 2024 | -27.9% | +2.6% |
| 2025 | -84.7% | +5.4% |
| 2026 | -51.0% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and INDO good diversifiers for each other?
Only partially. A correlation of 0.69 means AGIG and INDO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGIG and INDO?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.50 over the last year and 0.32 over 5 years.
Is INDO a good diversifier for AGIG?
Only partially. A correlation of 0.69 means AGIG and INDO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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/agig-vs-indo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agig-vs-indo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGIG correlations · INDO correlations
