AXR vs UZX: Correlation
AMREP Corporation (AXR) and Linkage Global Inc - Class A (UZX) 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 AXR and UZX?
Over the past 3 years, AXR and UZX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.22 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1560.6 %².
Out of 11 assets tracked against AXR, UZX lands near the bottom at #11. The last year tells two different stories: AXR led by 98.7 percentage points, +4.1% for AXR against -94.6% for UZX. One caveat on sizing: UZX is 2.8 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.
AXR vs UZX: side by side
| AXR (AMREP Corporation) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +4.1% | -94.6% |
| 5-year return | +60.4% | n/a |
| Volatility (ann.) | 48.9% | 137.7% |
| Beta vs S&P 500 | 0.44 | 0.09 |
| Max drawdown (3Y) | -52.3% | -99.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXR | UZX |
|---|---|---|
| 2022 | -24.0% | – |
| 2023 | +90.2% | – |
| 2024 | +42.9% | -71.7% |
| 2025 | -40.1% | -58.8% |
| 2026 | +22.1% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXR and UZX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AXR and UZX?
As of 2026-08-27, the correlation of weekly returns between AXR and UZX is -0.22 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is UZX a good diversifier for AXR?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
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/axr-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axr-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXR correlations · UZX correlations
