AUC vs TNGX: Correlation
How closely do ATIF Holdings Limited (AUC) and Tango Therapeutics, Inc. (TNGX) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUC and TNGX?
Across a 3-year window, the weekly returns of AUC and TNGX correlate at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -3468.6 %².
TNGX is close to the least connected end of AUC's tracked universe, ranking #24 of 24. Correlation aside, the last 12 months split them widely, with TNGX ahead by 249.2 points (+17.2% versus +266.4%).
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 TNGX: side by side
| AUC (ATIF Holdings Limited) | TNGX (Tango Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +17.2% | +266.4% |
| 5-year return | -88.8% | +112.1% |
| Volatility (ann.) | 108.2% | 109.5% |
| Beta vs S&P 500 | -0.39 | 1.01 |
| Max drawdown (3Y) | -88.5% | -91.5% |
| Market cap | $0.1B | $4.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUC | TNGX |
|---|---|---|
| 2022 | -30.4% | -33.7% |
| 2023 | -53.3% | +36.6% |
| 2024 | +2.5% | -68.8% |
| 2025 | -70.6% | +186.7% |
| 2026 | +19.9% | +185.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUC and TNGX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUC and TNGX?
The AUC/TNGX correlation stands at -0.29 on a 3-year window (1 year: -0.19, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is TNGX a good diversifier for AUC?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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
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Related comparisons
Hubs: AUC correlations · TNGX correlations
