CNET vs RCON: Correlation
ZW Data Action Technologies Inc. (CNET) and Recon Technology, Ltd. - Class A (RCON) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNET and RCON?
Across a 3-year window, the weekly returns of CNET and RCON correlate at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.42). Stretching to 5 years gives 0.33, with an annualized covariance of 603663.5 %².
By 3-year correlation, RCON places #5 of the 11 assets tracked against CNET. Correlation aside, the last 12 months split them widely, with CNET ahead by 18.6 points (-4.0% versus -22.6%). Risk is not evenly split, since RCON carries 131.1 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.
CNET vs RCON: side by side
| CNET (ZW Data Action Technologies Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -4.0% | -22.6% |
| 5-year return | -94.9% | -97.1% |
| Volatility (ann.) | 104.7% | 13728.9% |
| Beta vs S&P 500 | 1.46 | 22.04 |
| Max drawdown (3Y) | -85.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNET | RCON |
|---|---|---|
| 2022 | -54.0% | -3.8% |
| 2023 | -63.9% | -81.7% |
| 2024 | -45.8% | -49.5% |
| 2025 | -24.4% | -24.4% |
| 2026 | +6.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNET and RCON good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNET and RCON?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.55 over the last year and 0.33 over 5 years.
Is RCON a good diversifier for CNET?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/cnet-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnet-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNET correlations · RCON correlations
