BAOS vs RCON: Correlation
How closely do Baosheng Media Group Holdings Limited (BAOS) and Recon Technology, Ltd. - Class A (RCON) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAOS and RCON?
On 3 years of weekly data the BAOS/RCON correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.27 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -413374.3 %².
Out of 12 assets tracked against BAOS, RCON lands near the bottom at #12. The last year tells two different stories: RCON led by 61.9 percentage points, -84.5% for BAOS against -22.6% for RCON. Note the risk asymmetry: RCON runs 120.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BAOS vs RCON: side by side
| BAOS (Baosheng Media Group Holdings Limited) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -84.5% | -22.6% |
| 5-year return | -96.8% | -97.1% |
| Volatility (ann.) | 113.6% | 13728.9% |
| Beta vs S&P 500 | 2.15 | 22.04 |
| Max drawdown (3Y) | -94.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAOS | RCON |
|---|---|---|
| 2022 | -3.9% | -3.8% |
| 2023 | -30.0% | -81.7% |
| 2024 | -29.1% | -49.5% |
| 2025 | +6.6% | -24.4% |
| 2026 | -84.3% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAOS and RCON good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAOS and RCON?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.48 over the last year and -0.15 over 5 years.
Is RCON a good diversifier for BAOS?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/baos-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/baos-vs-rcon/)
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Related comparisons
Hubs: BAOS correlations · RCON correlations
