AMBO vs CHNR: Correlation
How closely do Ambow Education Holding Ltd. American Depository Shares (AMBO) and China Natural Resources, Inc. (CHNR) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBO and CHNR?
On 3 years of weekly data the AMBO/CHNR correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.50 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 6110.0 %².
By 3-year correlation, CHNR places #6 of the 11 assets tracked against AMBO. The last year tells two different stories: CHNR led by 50.6 percentage points, -42.4% for AMBO against +8.2% for CHNR. Risk is not evenly split, since AMBO carries 1.8 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.
AMBO vs CHNR: side by side
| AMBO (Ambow Education Holding Ltd. American Depository Shares) | CHNR (China Natural Resources, Inc.) | |
|---|---|---|
| 1-year return | -42.4% | +8.2% |
| 5-year return | -86.6% | -91.7% |
| Volatility (ann.) | 146.2% | 83.4% |
| Beta vs S&P 500 | -0.00 | 0.65 |
| Max drawdown (3Y) | -73.6% | -88.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMBO | CHNR |
|---|---|---|
| 2022 | -67.0% | -34.5% |
| 2023 | -54.8% | -16.3% |
| 2024 | +52.2% | -57.2% |
| 2025 | +31.4% | -33.8% |
| 2026 | -24.3% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBO and CHNR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMBO and CHNR?
The AMBO/CHNR correlation stands at 0.50 on a 3-year window (1 year: 0.11, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is CHNR a good diversifier for AMBO?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/ambo-vs-chnr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ambo-vs-chnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMBO correlations · CHNR correlations
