EEIQ vs REX: Correlation
EpicQuest Education Group International Limited (EEIQ) and REX American Resources Corporation (REX) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEIQ and REX?
On 3 years of weekly data the EEIQ/REX correlation comes out at 0.41, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.41). The 5-year figure is 0.33, and annualized covariance runs at 3162.8 %².
By 3-year correlation, REX places #5 of the 16 assets tracked against EEIQ. Correlation aside, the last 12 months split them widely, with REX ahead by 103.0 points (-68.3% versus +34.7%). One caveat on sizing: EEIQ is 4.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EEIQ vs REX: side by side
| EEIQ (EpicQuest Education Group International Limited) | REX (REX American Resources Corporation) | |
|---|---|---|
| 1-year return | -68.3% | +34.7% |
| 5-year return | -95.4% | +190.5% |
| Volatility (ann.) | 193.1% | 40.2% |
| Beta vs S&P 500 | -0.48 | 0.44 |
| Max drawdown (3Y) | -94.3% | -41.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEIQ | REX |
|---|---|---|
| 2022 | -33.0% | -0.4% |
| 2023 | -11.8% | +48.5% |
| 2024 | -46.7% | -11.9% |
| 2025 | -78.7% | +55.0% |
| 2026 | -25.1% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEIQ and REX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EEIQ and REX?
The EEIQ/REX correlation stands at 0.41 on a 3-year window (1 year: 0.66, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is REX a good diversifier for EEIQ?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/eeiq-vs-rex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eeiq-vs-rex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EEIQ correlations · REX correlations
