AUC vs NDAQ: Correlation
How closely do ATIF Holdings Limited (AUC) and Nasdaq, Inc. (NDAQ) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUC and NDAQ?
Across a 3-year window, the weekly returns of AUC and NDAQ correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -604.3 %².
Among the 24 assets we track against AUC, NDAQ sits near the bottom by co-movement, at rank #22. On 12-month performance AUC holds a 11.1-point edge, +17.2% against +6.1%. One caveat on sizing: AUC is 4.7 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 NDAQ: side by side
| AUC (ATIF Holdings Limited) | NDAQ (Nasdaq, Inc.) | |
|---|---|---|
| 1-year return | +17.2% | +6.1% |
| 5-year return | -88.8% | +64.4% |
| Volatility (ann.) | 108.2% | 23.2% |
| Beta vs S&P 500 | -0.39 | 0.80 |
| Max drawdown (3Y) | -88.5% | -23.4% |
| Market cap | $0.1B | $55.5B |
| P/E (trailing) | – | 29.0 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AUC | NDAQ |
|---|---|---|
| 2022 | -30.4% | -11.2% |
| 2023 | -53.3% | -3.7% |
| 2024 | +2.5% | +34.8% |
| 2025 | -70.6% | +27.2% |
| 2026 | +19.9% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUC and NDAQ good diversifiers for each other?
Yes. With a correlation of -0.24, AUC and NDAQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUC and NDAQ?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.24 over the last year and -0.15 over 5 years.
Is NDAQ a good diversifier for AUC?
Yes. With a correlation of -0.24, AUC and NDAQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/auc-vs-ndaq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auc-vs-ndaq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUC correlations · NDAQ correlations
