ATGL vs GIFT: Correlation
Measured on weekly returns over the past three years, Alpha Technology Group Limited - Class A (ATGL) and Giftify, Inc. (GIFT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATGL and GIFT?
On 3 years of weekly data the ATGL/GIFT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -3921.5 %².
Out of 11 assets tracked against ATGL, GIFT lands near the bottom at #10. The last year tells two different stories: GIFT led by 56.0 percentage points, -76.0% for ATGL against -20.0% for GIFT. Note the risk asymmetry: ATGL runs 3.6 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.
ATGL vs GIFT: side by side
| ATGL (Alpha Technology Group Limited - Class A) | GIFT (Giftify, Inc.) | |
|---|---|---|
| 1-year return | -76.0% | -20.0% |
| 5-year return | n/a | -65.3% |
| Volatility (ann.) | 253.1% | 70.2% |
| Beta vs S&P 500 | 0.71 | 0.42 |
| Max drawdown (3Y) | -95.9% | -83.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATGL | GIFT |
|---|---|---|
| 2022 | – | +135.8% |
| 2023 | – | +182.7% |
| 2024 | +11.3% | -72.7% |
| 2025 | +48.0% | +0.9% |
| 2026 | -65.5% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATGL and GIFT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ATGL and GIFT?
As of 2026-08-27, the correlation of weekly returns between ATGL and GIFT is -0.22 over 3 years, -0.20 over 1 year and n/a over 5 years.
Is GIFT a good diversifier for ATGL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: ATGL correlations · GIFT correlations
