AGRO vs CLWT: Correlation
How closely do Adecoagro S.A. (AGRO) and Euro Tech Holdings Company Limited (CLWT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and CLWT?
Across a 3-year window, the weekly returns of AGRO and CLWT correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.24). Stretching to 5 years gives -0.08, with an annualized covariance of -492.7 %².
By 3-year correlation, CLWT places #28 of the 36 assets tracked against AGRO. Over the last 12 months AGRO came out ahead by 5.7 percentage points (+28.1% against +22.4%).
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.
AGRO vs CLWT: side by side
| AGRO (Adecoagro S.A.) | CLWT (Euro Tech Holdings Company Limited) | |
|---|---|---|
| 1-year return | +28.1% | +22.4% |
| 5-year return | +29.1% | -52.6% |
| Volatility (ann.) | 41.7% | 49.8% |
| Beta vs S&P 500 | -0.27 | 0.40 |
| Max drawdown (3Y) | -41.3% | -44.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 28.9 | 83.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | CLWT |
|---|---|---|
| 2022 | +11.5% | -53.6% |
| 2023 | +38.6% | +14.7% |
| 2024 | -12.4% | -11.2% |
| 2025 | -14.3% | -13.7% |
| 2026 | +36.0% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and CLWT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGRO and CLWT?
The AGRO/CLWT correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is CLWT a good diversifier for AGRO?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/agro-vs-clwt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agro-vs-clwt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGRO correlations · CLWT correlations
