AMBO vs DBX: Correlation
Ambow Education Holding Ltd. American Depository Shares (AMBO) and Dropbox, Inc. (DBX) 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 AMBO and DBX?
Over the past 3 years, AMBO and DBX moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1110.5 %².
Among the 11 assets we track against AMBO, DBX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: DBX led by 66.9 percentage points, -42.4% for AMBO against +24.5% for DBX. Risk is not evenly split, since AMBO carries 4.5 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 DBX: side by side
| AMBO (Ambow Education Holding Ltd. American Depository Shares) | DBX (Dropbox, Inc.) | |
|---|---|---|
| 1-year return | -42.4% | +24.5% |
| 5-year return | -86.6% | +14.9% |
| Volatility (ann.) | 146.2% | 32.7% |
| Beta vs S&P 500 | -0.00 | 0.86 |
| Max drawdown (3Y) | -73.6% | -37.4% |
| Market cap | – | $7.8B |
| P/E (trailing) | – | 19.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMBO | DBX |
|---|---|---|
| 2022 | -67.0% | -8.8% |
| 2023 | -54.8% | +31.7% |
| 2024 | +52.2% | +1.9% |
| 2025 | +31.4% | -7.5% |
| 2026 | -24.3% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBO and DBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMBO and DBX?
As of 2026-08-27, the correlation of weekly returns between AMBO and DBX is -0.23 over 3 years, -0.14 over 1 year and -0.14 over 5 years.
Is DBX a good diversifier for AMBO?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ambo-vs-dbx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ambo-vs-dbx/)
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Related comparisons
Hubs: AMBO correlations · DBX correlations
