AUC vs INDV: Correlation
Measured on weekly returns over the past three years, ATIF Holdings Limited (AUC) and Indivior Pharmaceuticals, Inc. (INDV) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUC and INDV?
On 3 years of weekly data the AUC/INDV correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.25). The 5-year figure is -0.04, and annualized covariance runs at -1474.3 %².
INDV is close to the least connected end of AUC's tracked universe, ranking #23 of 24. Their recent paths diverged sharply: over the last 12 months INDV outperformed by 27.7 percentage points (+17.2% for AUC against +44.9% for INDV). One caveat on sizing: AUC is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AUC vs INDV: side by side
| AUC (ATIF Holdings Limited) | INDV (Indivior Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +17.2% | +44.9% |
| 5-year return | -88.8% | +166.9% |
| Volatility (ann.) | 108.2% | 55.2% |
| Beta vs S&P 500 | -0.39 | 0.47 |
| Max drawdown (3Y) | -88.5% | -67.7% |
| Market cap | $0.1B | $4.2B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUC | INDV |
|---|---|---|
| 2022 | -30.4% | +26.1% |
| 2023 | -53.3% | -29.8% |
| 2024 | +2.5% | -18.6% |
| 2025 | -70.6% | +188.7% |
| 2026 | +19.9% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUC and INDV good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUC and INDV?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.11 over the last year and -0.04 over 5 years.
Is INDV a good diversifier for AUC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/auc-vs-indv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auc-vs-indv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUC correlations · INDV correlations
