ATXG vs IMCC: Correlation
How closely do Addentax Group Corp. (ATXG) and IM Cannabis Corp. (IMCC) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATXG and IMCC?
Across a 3-year window, the weekly returns of ATXG and IMCC correlate at 0.35, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.35). Stretching to 5 years gives 0.30, with an annualized covariance of 5857.3 %².
Few assets follow ATXG as closely as IMCC, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months ATXG outperformed by 36.7 percentage points (-57.5% for ATXG against -94.2% for IMCC). Note the risk asymmetry: IMCC runs 1.8 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.
ATXG vs IMCC: side by side
| ATXG (Addentax Group Corp.) | IMCC (IM Cannabis Corp.) | |
|---|---|---|
| 1-year return | -57.5% | -94.2% |
| 5-year return | -99.7% | -99.9% |
| Volatility (ann.) | 94.8% | 174.2% |
| Beta vs S&P 500 | 0.60 | 1.11 |
| Max drawdown (3Y) | -90.5% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATXG | IMCC |
|---|---|---|
| 2022 | -85.7% | -97.1% |
| 2023 | -86.6% | -63.4% |
| 2024 | -57.4% | +8.8% |
| 2025 | -36.1% | -40.4% |
| 2026 | -37.1% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATXG and IMCC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATXG and IMCC?
The ATXG/IMCC correlation stands at 0.35 on a 3-year window (1 year: 0.16, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is IMCC a good diversifier for ATXG?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atxg-vs-imcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atxg-vs-imcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATXG correlations · IMCC correlations
