AMTX vs UCAR: Correlation
Measured on weekly returns over the past three years, Aemetis, Inc (AMTX) and U Power Limited - Class A (UCAR) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTX and UCAR?
On 3 years of weekly data the AMTX/UCAR correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.21 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -3863.3 %².
Out of 10 assets tracked against AMTX, UCAR lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with AMTX ahead by 69.4 points (-27.5% versus -96.9%). Risk is not evenly split, since UCAR carries 1.9 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.
AMTX vs UCAR: side by side
| AMTX (Aemetis, Inc) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | -27.5% | -96.9% |
| 5-year return | -81.7% | n/a |
| Volatility (ann.) | 98.5% | 186.9% |
| Beta vs S&P 500 | 1.51 | 2.54 |
| Max drawdown (3Y) | -79.2% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTX | UCAR |
|---|---|---|
| 2022 | -67.8% | – |
| 2023 | +32.3% | – |
| 2024 | -48.7% | -64.0% |
| 2025 | -48.3% | -77.1% |
| 2026 | +34.5% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTX and UCAR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMTX and UCAR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.45 over the last year and n/a over 5 years.
Is UCAR a good diversifier for AMTX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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
$ curl https://www.pairbook.io/api/v1/pairs/amtx-vs-ucar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amtx-vs-ucar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMTX correlations · UCAR correlations
