ATLX vs SIFY: Correlation
Measured on weekly returns over the past three years, Atlas Lithium Corporation (ATLX) and Sify Technologies Limited - American Depository Shares (SIFY) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLX and SIFY?
Over the past 3 years, ATLX and SIFY moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 2177.4 %².
Among the 13 assets we track against ATLX, SIFY ranks #7 by 3-year correlation. The last year tells two different stories: SIFY led by 92.3 percentage points, -37.4% for ATLX against +54.9% for SIFY.
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.
ATLX vs SIFY: side by side
| ATLX (Atlas Lithium Corporation) | SIFY (Sify Technologies Limited - American Depository Shares) | |
|---|---|---|
| 1-year return | -37.4% | +54.9% |
| 5-year return | -55.9% | -31.9% |
| Volatility (ann.) | 79.3% | 78.4% |
| Beta vs S&P 500 | 1.64 | 0.48 |
| Max drawdown (3Y) | -92.3% | -85.6% |
| Market cap | $0.1B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLX | SIFY |
|---|---|---|
| 2022 | +16.7% | -64.4% |
| 2023 | +346.9% | +62.6% |
| 2024 | -79.8% | -74.5% |
| 2025 | -33.2% | +326.2% |
| 2026 | -21.9% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLX and SIFY good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATLX and SIFY?
The ATLX/SIFY correlation stands at 0.35 on a 3-year window (1 year: 0.38, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is SIFY a good diversifier for ATLX?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/atlx-vs-sify.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atlx-vs-sify/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATLX correlations · SIFY correlations
