ASTC vs LIQT: Correlation
How closely do Astrotech Corporation (ASTC) and LiqTech International, Inc. (LIQT) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and LIQT?
Across a 3-year window, the weekly returns of ASTC and LIQT correlate at -0.32, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.42 lands near the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -26173.5 %².
By 3-year correlation, LIQT places #41 of the 47 assets tracked against ASTC. Correlation aside, the last 12 months split them widely, with ASTC ahead by 108.6 points (+37.5% versus -71.1%). Note the risk asymmetry: ASTC runs 17.6 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.
ASTC vs LIQT: side by side
| ASTC (Astrotech Corporation) | LIQT (LiqTech International, Inc.) | |
|---|---|---|
| 1-year return | +37.5% | -71.1% |
| 5-year return | -78.4% | -98.6% |
| Volatility (ann.) | 1206.9% | 68.6% |
| Beta vs S&P 500 | 4.81 | 0.75 |
| Max drawdown (3Y) | -87.5% | -87.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | LIQT |
|---|---|---|
| 2022 | -51.0% | -93.4% |
| 2023 | -15.0% | +12.2% |
| 2024 | -20.8% | -46.0% |
| 2025 | -48.5% | -20.7% |
| 2026 | +105.8% | -61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and LIQT good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASTC and LIQT?
The ASTC/LIQT correlation stands at -0.32 on a 3-year window (1 year: -0.42, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is LIQT a good diversifier for ASTC?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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/astc-vs-liqt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/astc-vs-liqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTC correlations · LIQT correlations
