APD vs UZX: Correlation
Measured on weekly returns over the past three years, Air Products (APD) and Linkage Global Inc - Class A (UZX) 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 APD and UZX?
Over the past 3 years, APD and UZX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -793.1 %².
Among the 33 assets we track against APD, UZX ranks #28 by 3-year correlation. The last year tells two different stories: APD led by 101.1 percentage points, +6.5% for APD against -94.6% for UZX. Risk is not evenly split, since UZX carries 5.2 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.
APD vs UZX: side by side
| APD (Air Products) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +6.5% | -94.6% |
| 5-year return | +28.2% | n/a |
| Volatility (ann.) | 26.7% | 137.7% |
| Beta vs S&P 500 | 0.64 | 0.09 |
| Max drawdown (3Y) | -30.4% | -99.8% |
| Market cap | $68.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | APD | UZX |
|---|---|---|
| 2022 | +3.9% | – |
| 2023 | -9.0% | – |
| 2024 | +8.1% | -71.7% |
| 2025 | -12.7% | -58.8% |
| 2026 | +26.1% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APD and UZX 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 APD and UZX?
The APD/UZX correlation stands at -0.21 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for APD?
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/apd-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apd-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APD correlations · UZX correlations
