ECHO vs HTCR: Correlation
EchoStar (ECHO) and Heartcore Enterprises, Inc. (HTCR) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and HTCR?
Across a 3-year window, the weekly returns of ECHO and HTCR correlate at 0.32, moderate. The past 12 months show a weaker link (-0.14) than the 3-year average (0.32). Stretching to 5 years gives 0.20, with an annualized covariance of 2820.6 %².
Among the 35 assets we track against ECHO, HTCR ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ECHO ahead by 133.9 points (+47.2% versus -86.7%).
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.
ECHO vs HTCR: side by side
| ECHO (EchoStar) | HTCR (Heartcore Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +47.2% | -86.7% |
| 5-year return | +227.3% | -96.7% |
| Volatility (ann.) | 91.1% | 97.6% |
| Beta vs S&P 500 | 1.17 | 1.26 |
| Max drawdown (3Y) | -50.1% | -95.7% |
| Market cap | $25.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | ECHO | HTCR |
|---|---|---|
| 2022 | -36.7% | – |
| 2023 | -0.7% | -29.9% |
| 2024 | +38.2% | +199.2% |
| 2025 | +374.7% | -80.3% |
| 2026 | -20.5% | -56.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and HTCR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ECHO and HTCR?
The ECHO/HTCR correlation stands at 0.32 on a 3-year window (1 year: -0.14, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is HTCR a good diversifier for ECHO?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/echo-vs-htcr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/echo-vs-htcr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ECHO correlations · HTCR correlations
