ELPW vs HAO: Correlation
Measured on weekly returns over the past three years, Elong Power Holding Limited - Class A (ELPW) and Haoxi Health Technology Limited - Class A Ord Share (HAO) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and HAO?
On 3 years of weekly data the ELPW/HAO correlation comes out at 0.75, strong. The past 12 months show a tighter link (0.94) than the 3-year average (0.75). The 5-year figure is n/a, and annualized covariance runs at 6128159.0 %².
By 3-year correlation, HAO places #15 of the 30 assets tracked against ELPW. Their 12-month results are close: -99.0% for ELPW against -97.9% for HAO.
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.
ELPW vs HAO: side by side
| ELPW (Elong Power Holding Limited - Class A) | HAO (Haoxi Health Technology Limited - Class A Ord Share) | |
|---|---|---|
| 1-year return | -99.0% | -97.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 3332.8% | 2273.9% |
| Beta vs S&P 500 | 3.98 | -2.44 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELPW | HAO |
|---|---|---|
| 2024 | -87.5% | – |
| 2025 | -91.4% | +613.3% |
| 2026 | -97.4% | -97.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and HAO good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ELPW and HAO?
The ELPW/HAO correlation stands at 0.75 on a 3-year window (1 year: 0.94, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is HAO a good diversifier for ELPW?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 mean?
A reading of 0.75 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/elpw-vs-hao.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elpw-vs-hao/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELPW correlations · HAO correlations
