AMCI vs HIHO: Correlation
AMC Robotics Corporation (AMCI) and Highway Holdings Limited (HIHO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCI and HIHO?
Over the past 3 years, AMCI and HIHO moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2827.2 %².
Among the 20 assets we track against AMCI, HIHO ranks #13 by 3-year correlation. The last year tells two different stories: HIHO led by 19.5 percentage points, -66.2% for AMCI against -46.7% for HIHO. Risk is not evenly split, since AMCI carries 2.4 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.
AMCI vs HIHO: side by side
| AMCI (AMC Robotics Corporation) | HIHO (Highway Holdings Limited) | |
|---|---|---|
| 1-year return | -66.2% | -46.7% |
| 5-year return | n/a | -69.9% |
| Volatility (ann.) | 168.1% | 70.6% |
| Beta vs S&P 500 | 0.40 | 0.55 |
| Max drawdown (3Y) | -87.8% | -70.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCI | HIHO |
|---|---|---|
| 2022 | – | -43.3% |
| 2023 | – | +0.9% |
| 2024 | +6.4% | +3.5% |
| 2025 | -30.6% | -18.5% |
| 2026 | -48.8% | -41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCI and HIHO good diversifiers for each other?
Yes. With a correlation of -0.24, AMCI and HIHO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMCI and HIHO?
As of 2026-08-27, the correlation of weekly returns between AMCI and HIHO is -0.24 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is HIHO a good diversifier for AMCI?
Yes. With a correlation of -0.24, AMCI and HIHO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/amci-vs-hiho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amci-vs-hiho/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCI correlations · HIHO correlations
