ATXG vs PNBK: Correlation
Addentax Group Corp. (ATXG) and Patriot National Bancorp Inc. (PNBK) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATXG and PNBK?
On 3 years of weekly data the ATXG/PNBK correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.22 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -2390.7 %².
Out of 10 assets tracked against ATXG, PNBK lands near the bottom at #9. The last year tells two different stories: PNBK led by 25.4 percentage points, -57.5% for ATXG against -32.1% for PNBK.
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 PNBK: side by side
| ATXG (Addentax Group Corp.) | PNBK (Patriot National Bancorp Inc.) | |
|---|---|---|
| 1-year return | -57.5% | -32.1% |
| 5-year return | -99.7% | -89.0% |
| Volatility (ann.) | 94.8% | 112.5% |
| Beta vs S&P 500 | 0.60 | 0.76 |
| Max drawdown (3Y) | -90.5% | -89.4% |
| 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 | PNBK |
|---|---|---|
| 2022 | -85.7% | -31.8% |
| 2023 | -86.6% | -63.9% |
| 2024 | -57.4% | -49.3% |
| 2025 | -36.1% | -6.2% |
| 2026 | -37.1% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATXG and PNBK good diversifiers for each other?
Yes. With a correlation of -0.22, ATXG and PNBK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATXG and PNBK?
The ATXG/PNBK correlation stands at -0.22 on a 3-year window (1 year: -0.01, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is PNBK a good diversifier for ATXG?
Yes. With a correlation of -0.22, ATXG and PNBK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-pnbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atxg-vs-pnbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATXG correlations · PNBK correlations
