AKAM vs AUC: Correlation
Akamai Technologies (AKAM) and ATIF Holdings Limited (AUC) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and AUC?
On 3 years of weekly data the AKAM/AUC correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.19, and annualized covariance runs at -1141.7 %².
Within AKAM's tracked universe of 30 assets, AUC comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AKAM ahead by 24.9 points (+42.1% versus +17.2%). Note the risk asymmetry: AUC runs 2.4 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.
AKAM vs AUC: side by side
| AKAM (Akamai Technologies) | AUC (ATIF Holdings Limited) | |
|---|---|---|
| 1-year return | +42.1% | +17.2% |
| 5-year return | -1.6% | -88.8% |
| Volatility (ann.) | 45.7% | 108.2% |
| Beta vs S&P 500 | 0.58 | -0.39 |
| Max drawdown (3Y) | -46.8% | -88.5% |
| Market cap | $16.0B | $0.1B |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | AUC |
|---|---|---|
| 2022 | -28.0% | -30.4% |
| 2023 | +40.4% | -53.3% |
| 2024 | -19.2% | +2.5% |
| 2025 | -8.8% | -70.6% |
| 2026 | +27.5% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and AUC good diversifiers for each other?
Yes. With a correlation of -0.23, AKAM and AUC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AKAM and AUC?
As of 2026-08-27, the correlation of weekly returns between AKAM and AUC is -0.23 over 3 years, -0.28 over 1 year and -0.19 over 5 years.
Is AUC a good diversifier for AKAM?
Yes. With a correlation of -0.23, AKAM and AUC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: AKAM correlations · AUC correlations
