ELPW vs RCON: Correlation
Measured on weekly returns over the past three years, Elong Power Holding Limited - Class A (ELPW) and Recon Technology, Ltd. - Class A (RCON) carry a correlation of 0.95, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and RCON?
On 3 years of weekly data the ELPW/RCON correlation comes out at 0.95, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.95) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 43587858.7 %².
By 3-year correlation, RCON places #4 of the 30 assets tracked against ELPW. The last year tells two different stories: RCON led by 76.4 percentage points, -99.0% for ELPW against -22.6% for RCON. Risk is not evenly split, since RCON carries 4.1 times the volatility of the other side.
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 RCON: side by side
| ELPW (Elong Power Holding Limited - Class A) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -99.0% | -22.6% |
| 5-year return | n/a | -97.1% |
| Volatility (ann.) | 3332.8% | 13728.9% |
| Beta vs S&P 500 | 3.98 | 22.04 |
| 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 | RCON |
|---|---|---|
| 2022 | – | -3.8% |
| 2023 | – | -81.7% |
| 2024 | -87.5% | -49.5% |
| 2025 | -91.4% | -24.4% |
| 2026 | -97.4% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and RCON good diversifiers for each other?
No. With a correlation of 0.95, ELPW and RCON move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ELPW and RCON?
The ELPW/RCON correlation stands at 0.95 on a 3-year window (1 year: 0.95, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for ELPW?
No. With a correlation of 0.95, ELPW and RCON move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.95 mean?
On the −1 to +1 scale, 0.95 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/elpw-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elpw-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELPW correlations · RCON correlations
