AGMH vs FDS: Correlation
How closely do AGM Group Holdings Inc. - Class A (AGMH) and FactSet (FDS) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGMH and FDS?
Over the past 3 years, AGMH and FDS moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.27 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -2037.9 %².
FDS is close to the least connected end of AGMH's tracked universe, ranking #16 of 19. Correlation aside, the last 12 months split them widely, with FDS ahead by 34.4 points (-53.0% versus -18.6%). Note the risk asymmetry: AGMH runs 7.3 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.
AGMH vs FDS: side by side
| AGMH (AGM Group Holdings Inc. - Class A) | FDS (FactSet) | |
|---|---|---|
| 1-year return | -53.0% | -18.6% |
| 5-year return | -99.8% | -15.8% |
| Volatility (ann.) | 233.6% | 31.9% |
| Beta vs S&P 500 | 2.39 | 0.56 |
| Max drawdown (3Y) | -99.3% | -61.1% |
| Market cap | – | $10.8B |
| P/E (trailing) | 2.9 | 19.5 |
| Dividend yield | 0.00% | 1.51% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AGMH | FDS |
|---|---|---|
| 2022 | -31.2% | -16.7% |
| 2023 | +9.7% | +20.0% |
| 2024 | -16.6% | +1.6% |
| 2025 | -97.4% | -38.9% |
| 2026 | -51.6% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGMH and FDS good diversifiers for each other?
Yes. With a correlation of -0.27, AGMH and FDS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGMH and FDS?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.38 over the last year and -0.20 over 5 years.
Is FDS a good diversifier for AGMH?
Yes. With a correlation of -0.27, AGMH and FDS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/agmh-vs-fds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agmh-vs-fds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGMH correlations · FDS correlations
