AQMS vs REKR: Correlation
Measured on weekly returns over the past three years, Aqua Metals, Inc. (AQMS) and Rekor Systems, Inc. (REKR) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQMS and REKR?
Over the past 3 years, AQMS and REKR moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 5887.0 %².
Within AQMS's tracked universe of 15 assets, REKR comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AQMS outperformed by 26.3 percentage points (-25.9% for AQMS against -52.2% for REKR).
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.
AQMS vs REKR: side by side
| AQMS (Aqua Metals, Inc.) | REKR (Rekor Systems, Inc.) | |
|---|---|---|
| 1-year return | -25.9% | -52.2% |
| 5-year return | -99.4% | -94.2% |
| Volatility (ann.) | 132.6% | 95.4% |
| Beta vs S&P 500 | 1.86 | 2.31 |
| Max drawdown (3Y) | -98.9% | -86.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQMS | REKR |
|---|---|---|
| 2022 | +1.6% | -81.7% |
| 2023 | -39.2% | +177.5% |
| 2024 | -83.4% | -53.2% |
| 2025 | -81.0% | -11.5% |
| 2026 | -41.5% | -58.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQMS and REKR good diversifiers for each other?
Reasonably. At 0.47, AQMS and REKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AQMS and REKR?
The AQMS/REKR correlation stands at 0.47 on a 3-year window (1 year: 0.55, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is REKR a good diversifier for AQMS?
Reasonably. At 0.47, AQMS and REKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/aqms-vs-rekr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aqms-vs-rekr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AQMS correlations · REKR correlations
