CXAI vs ELPW: Correlation
Measured on weekly returns over the past three years, CXApp Inc. (CXAI) and Elong Power Holding Limited - Class A (ELPW) carry a correlation of 0.93, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXAI and ELPW?
On 3 years of weekly data the CXAI/ELPW correlation comes out at 0.93, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.93) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 11614250.2 %².
Among the 10 assets we track against CXAI, ELPW ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CXAI outperformed by 506.7 percentage points (+407.7% for CXAI against -99.0% for ELPW).
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.
CXAI vs ELPW: side by side
| CXAI (CXApp Inc.) | ELPW (Elong Power Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +407.7% | -99.0% |
| 5-year return | -60.0% | n/a |
| Volatility (ann.) | 3738.0% | 3332.8% |
| Beta vs S&P 500 | 6.69 | 3.98 |
| Max drawdown (3Y) | -98.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXAI | ELPW |
|---|---|---|
| 2022 | +0.8% | – |
| 2023 | -87.2% | – |
| 2024 | +41.1% | -87.5% |
| 2025 | -81.8% | -91.4% |
| 2026 | +1092.8% | -97.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXAI and ELPW good diversifiers for each other?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CXAI and ELPW?
The CXAI/ELPW correlation stands at 0.93 on a 3-year window (1 year: 0.93, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ELPW a good diversifier for CXAI?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.93 mean?
On the −1 to +1 scale, 0.93 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/cxai-vs-elpw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxai-vs-elpw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CXAI correlations · ELPW correlations
