AGRO vs WNW: Correlation
Measured on weekly returns over the past three years, Adecoagro S.A. (AGRO) and Meiwu Technology Company Limited (WNW) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and WNW?
Over the past 3 years, AGRO and WNW moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.39 over 1 year against -0.31 over 3. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -2202.9 %².
WNW is close to the least connected end of AGRO's tracked universe, ranking #34 of 36. Correlation aside, the last 12 months split them widely, with AGRO ahead by 126.2 points (+28.1% versus -98.1%). Risk is not evenly split, since WNW carries 4.0 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.
AGRO vs WNW: side by side
| AGRO (Adecoagro S.A.) | WNW (Meiwu Technology Company Limited) | |
|---|---|---|
| 1-year return | +28.1% | -98.1% |
| 5-year return | +29.1% | -100.0% |
| Volatility (ann.) | 41.7% | 167.8% |
| Beta vs S&P 500 | -0.27 | 1.36 |
| Max drawdown (3Y) | -41.3% | -100.0% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | 28.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | WNW |
|---|---|---|
| 2022 | +11.5% | -91.9% |
| 2023 | +38.6% | -49.4% |
| 2024 | -12.4% | -38.5% |
| 2025 | -14.3% | -96.7% |
| 2026 | +36.0% | -97.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and WNW good diversifiers for each other?
Yes. With a correlation of -0.31, AGRO and WNW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGRO and WNW?
As of 2026-08-27, the correlation of weekly returns between AGRO and WNW is -0.31 over 3 years, -0.39 over 1 year and -0.23 over 5 years.
Is WNW a good diversifier for AGRO?
Yes. With a correlation of -0.31, AGRO and WNW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/agro-vs-wnw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agro-vs-wnw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGRO correlations · WNW correlations
