AMBO vs DRCT: Correlation
How closely do Ambow Education Holding Ltd. American Depository Shares (AMBO) and Direct Digital Holdings, Inc. (DRCT) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBO and DRCT?
Across a 3-year window, the weekly returns of AMBO and DRCT correlate at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.53). Stretching to 5 years gives 0.46, with an annualized covariance of 20256.9 %².
In AMBO's tracked universe of 11 assets, DRCT sits right near the top at #3. The last year tells two different stories: AMBO led by 55.2 percentage points, -42.4% for AMBO against -97.6% for DRCT. Note the risk asymmetry: DRCT runs 1.8 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.
AMBO vs DRCT: side by side
| AMBO (Ambow Education Holding Ltd. American Depository Shares) | DRCT (Direct Digital Holdings, Inc.) | |
|---|---|---|
| 1-year return | -42.4% | -97.6% |
| 5-year return | -86.6% | -99.7% |
| Volatility (ann.) | 146.2% | 263.7% |
| Beta vs S&P 500 | -0.00 | 1.38 |
| Max drawdown (3Y) | -73.6% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMBO | DRCT |
|---|---|---|
| 2022 | -67.0% | – |
| 2023 | -54.8% | +513.6% |
| 2024 | +52.2% | -89.3% |
| 2025 | +31.4% | -96.0% |
| 2026 | -24.3% | -83.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBO and DRCT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMBO and DRCT?
The AMBO/DRCT correlation stands at 0.53 on a 3-year window (1 year: 0.15, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is DRCT a good diversifier for AMBO?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-drct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ambo-vs-drct/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMBO correlations · DRCT correlations
