ASRV vs UZX: Correlation
Measured on weekly returns over the past three years, AmeriServ Financial Inc. (ASRV) 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 ASRV and UZX?
On 3 years of weekly data the ASRV/UZX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. The 5-year figure is n/a, and annualized covariance runs at -1008.9 %².
Out of 11 assets tracked against ASRV, UZX lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with ASRV ahead by 157.9 points (+63.3% versus -94.6%). Note the risk asymmetry: UZX runs 4.0 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.
ASRV vs UZX: side by side
| ASRV (AmeriServ Financial Inc.) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +63.3% | -94.6% |
| 5-year return | +50.5% | n/a |
| Volatility (ann.) | 34.7% | 137.7% |
| Beta vs S&P 500 | 0.31 | 0.09 |
| Max drawdown (3Y) | -32.9% | -99.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 9.9 | – |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASRV | UZX |
|---|---|---|
| 2022 | +5.0% | – |
| 2023 | -14.5% | – |
| 2024 | -13.4% | -71.7% |
| 2025 | +24.3% | -58.8% |
| 2026 | +55.6% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASRV and UZX good diversifiers for each other?
Yes. With a correlation of -0.21, ASRV and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASRV and UZX?
As of 2026-08-27, the correlation of weekly returns between ASRV and UZX is -0.21 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is UZX a good diversifier for ASRV?
Yes. With a correlation of -0.21, ASRV and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/asrv-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asrv-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASRV correlations · UZX correlations
