ENLV vs HAO: Correlation
Measured on weekly returns over the past three years, Enlivex Ltd. (ENLV) and Haoxi Health Technology Limited - Class A Ord Share (HAO) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLV and HAO?
On 3 years of weekly data the ENLV/HAO correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.27). The 5-year figure is n/a, and annualized covariance runs at -55888.1 %².
HAO is close to the least connected end of ENLV's tracked universe, ranking #10 of 13. On 12-month performance ENLV holds a 6.9-point edge, -91.0% against -97.9%. One caveat on sizing: HAO is 20.4 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.
ENLV vs HAO: side by side
| ENLV (Enlivex Ltd.) | HAO (Haoxi Health Technology Limited - Class A Ord Share) | |
|---|---|---|
| 1-year return | -91.0% | -97.9% |
| 5-year return | -99.2% | n/a |
| Volatility (ann.) | 111.4% | 2273.9% |
| Beta vs S&P 500 | 1.02 | -2.44 |
| Max drawdown (3Y) | -97.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENLV | HAO |
|---|---|---|
| 2022 | -37.0% | – |
| 2023 | -31.4% | – |
| 2024 | -56.7% | – |
| 2025 | -39.9% | +613.3% |
| 2026 | -86.0% | -97.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLV and HAO good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENLV and HAO?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.49 over the last year and n/a over 5 years.
Is HAO a good diversifier for ENLV?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/enlv-vs-hao.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enlv-vs-hao/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENLV correlations · HAO correlations
