AUC vs MS: Correlation
How closely do ATIF Holdings Limited (AUC) and Morgan Stanley (MS) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUC and MS?
Over the past 3 years, AUC and MS moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.04) sits close to the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -432.2 %².
Within AUC's tracked universe of 24 assets, MS comes in at #8 by 3-year correlation. The last year tells two different stories: MS led by 29.9 percentage points, +17.2% for AUC against +47.1% for MS. Risk is not evenly split, since AUC carries 3.8 times the volatility of the other side.
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 MS: side by side
| AUC (ATIF Holdings Limited) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | +17.2% | +47.1% |
| 5-year return | -88.8% | +142.0% |
| Volatility (ann.) | 108.2% | 28.3% |
| Beta vs S&P 500 | -0.39 | 1.43 |
| Max drawdown (3Y) | -88.5% | -29.2% |
| Market cap | $0.1B | $337.5B |
| P/E (trailing) | – | 17.4 |
| Dividend yield | 0.00% | 1.94% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AUC | MS |
|---|---|---|
| 2022 | -30.4% | -10.3% |
| 2023 | -53.3% | +13.9% |
| 2024 | +2.5% | +39.7% |
| 2025 | -70.6% | +45.2% |
| 2026 | +19.9% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUC and MS good diversifiers for each other?
Yes. With a correlation of -0.14, AUC and MS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUC and MS?
As of 2026-08-27, the correlation of weekly returns between AUC and MS is -0.14 over 3 years, -0.04 over 1 year and -0.06 over 5 years.
Is MS a good diversifier for AUC?
Yes. With a correlation of -0.14, AUC and MS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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/auc-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auc-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUC correlations · MS correlations
