ATXG vs LVO: Correlation
How closely do Addentax Group Corp. (ATXG) and LiveOne, Inc. (LVO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATXG and LVO?
Across a 3-year window, the weekly returns of ATXG and LVO correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.08, with an annualized covariance of -1647.1 %².
Among the 10 assets we track against ATXG, LVO sits near the bottom by co-movement, at rank #8. The last year tells two different stories: LVO led by 24.6 percentage points, -57.5% for ATXG against -32.9% for LVO.
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 LVO: side by side
| ATXG (Addentax Group Corp.) | LVO (LiveOne, Inc.) | |
|---|---|---|
| 1-year return | -57.5% | -32.9% |
| 5-year return | -99.7% | -88.2% |
| Volatility (ann.) | 94.8% | 82.2% |
| Beta vs S&P 500 | 0.60 | 1.85 |
| Max drawdown (3Y) | -90.5% | -83.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATXG | LVO |
|---|---|---|
| 2022 | -85.7% | -49.7% |
| 2023 | -86.6% | +115.8% |
| 2024 | -57.4% | +5.8% |
| 2025 | -36.1% | -67.9% |
| 2026 | -37.1% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATXG and LVO good diversifiers for each other?
Yes. With a correlation of -0.21, ATXG and LVO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATXG and LVO?
As of 2026-08-27, the correlation of weekly returns between ATXG and LVO is -0.21 over 3 years, -0.14 over 1 year and -0.08 over 5 years.
Is LVO a good diversifier for ATXG?
Yes. With a correlation of -0.21, ATXG and LVO 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/atxg-vs-lvo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atxg-vs-lvo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATXG correlations · LVO correlations
