ALGN vs SUPX: Correlation
Measured on weekly returns over the past three years, Align Technology (ALGN) and SuperX AI Technology Limited (SUPX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and SUPX?
Across a 3-year window, the weekly returns of ALGN and SUPX correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -1186.1 %².
By 3-year correlation, SUPX places #32 of the 37 assets tracked against ALGN. Their recent paths diverged sharply: over the last 12 months ALGN outperformed by 88.9 percentage points (+11.9% for ALGN against -77.0% for SUPX). Note the risk asymmetry: SUPX runs 2.6 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.
ALGN vs SUPX: side by side
| ALGN (Align Technology) | SUPX (SuperX AI Technology Limited) | |
|---|---|---|
| 1-year return | +11.9% | -77.0% |
| 5-year return | -77.4% | n/a |
| Volatility (ann.) | 44.3% | 115.6% |
| Beta vs S&P 500 | 1.51 | 0.01 |
| Max drawdown (3Y) | -66.7% | -92.3% |
| Market cap | $11.3B | $0.4B |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ALGN | SUPX |
|---|---|---|
| 2022 | -67.9% | – |
| 2023 | +29.9% | – |
| 2024 | -23.9% | – |
| 2025 | -25.1% | +318.1% |
| 2026 | +1.7% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and SUPX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALGN and SUPX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.07 over the last year and n/a over 5 years.
Is SUPX a good diversifier for ALGN?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/algn-vs-supx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/algn-vs-supx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALGN correlations · SUPX correlations
