ALZN vs BON: Correlation
How closely do Alzamend Neuro, Inc. (ALZN) and Bon Natural Life Limited - Class A (BON) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALZN and BON?
Across a 3-year window, the weekly returns of ALZN and BON correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.08 versus -0.23 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -1983.9 %².
Out of 10 assets tracked against ALZN, BON lands near the bottom at #8. Over the last 12 months BON came out ahead by 14.3 percentage points (-32.3% against -18.0%).
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.
ALZN vs BON: side by side
| ALZN (Alzamend Neuro, Inc.) | BON (Bon Natural Life Limited - Class A) | |
|---|---|---|
| 1-year return | -32.3% | -18.0% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 92.3% | 94.3% |
| Beta vs S&P 500 | 0.81 | 1.69 |
| Max drawdown (3Y) | -99.8% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALZN | BON |
|---|---|---|
| 2022 | -70.3% | -76.2% |
| 2023 | -89.5% | -48.9% |
| 2024 | -87.0% | -67.2% |
| 2025 | -82.6% | -96.4% |
| 2026 | -8.5% | -28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALZN and BON good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALZN and BON?
The ALZN/BON correlation stands at -0.23 on a 3-year window (1 year: 0.08, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is BON a good diversifier for ALZN?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
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Related comparisons
Hubs: ALZN correlations · BON correlations
