COHR vs HAO: Correlation
Coherent Corp. (COHR) and Haoxi Health Technology Limited - Class A Ord Share (HAO) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and HAO?
Over the past 3 years, COHR and HAO moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -31647.8 %².
Among the 41 assets we track against COHR, HAO sits near the bottom by co-movement, at rank #38. Correlation aside, the last 12 months split them widely, with COHR ahead by 323.5 points (+225.6% versus -97.9%). Note the risk asymmetry: HAO runs 35.0 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.
COHR vs HAO: side by side
| COHR (Coherent Corp.) | HAO (Haoxi Health Technology Limited - Class A Ord Share) | |
|---|---|---|
| 1-year return | +225.6% | -97.9% |
| 5-year return | +368.6% | n/a |
| Volatility (ann.) | 65.0% | 2273.9% |
| Beta vs S&P 500 | 2.76 | -2.44 |
| Max drawdown (3Y) | -54.8% | -100.0% |
| Market cap | $57.8B | – |
| P/E (trailing) | 71.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | COHR | HAO |
|---|---|---|
| 2022 | -48.6% | – |
| 2023 | +24.0% | – |
| 2024 | +117.6% | – |
| 2025 | +94.8% | +613.3% |
| 2026 | +60.0% | -97.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and HAO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between COHR and HAO?
As of 2026-08-27, the correlation of weekly returns between COHR and HAO is -0.21 over 3 years, -0.30 over 1 year and n/a over 5 years.
Is HAO a good diversifier for COHR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/cohr-vs-hao.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cohr-vs-hao/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COHR correlations · HAO correlations
