ENLV vs RCON: Correlation
How closely do Enlivex Ltd. (ENLV) and Recon Technology, Ltd. - Class A (RCON) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLV and RCON?
On 3 years of weekly data the ENLV/RCON correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.57 versus -0.28 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -424327.7 %².
Among the 13 assets we track against ENLV, RCON sits near the bottom by co-movement, at rank #11. The last year tells two different stories: RCON led by 68.4 percentage points, -91.0% for ENLV against -22.6% for RCON. Risk is not evenly split, since RCON carries 123.2 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.
ENLV vs RCON: side by side
| ENLV (Enlivex Ltd.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -91.0% | -22.6% |
| 5-year return | -99.2% | -97.1% |
| Volatility (ann.) | 111.4% | 13728.9% |
| Beta vs S&P 500 | 1.02 | 22.04 |
| 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 | RCON |
|---|---|---|
| 2022 | -37.0% | -3.8% |
| 2023 | -31.4% | -81.7% |
| 2024 | -56.7% | -49.5% |
| 2025 | -39.9% | -24.4% |
| 2026 | -86.0% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLV and RCON good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENLV and RCON?
As of 2026-08-27, the correlation of weekly returns between ENLV and RCON is -0.28 over 3 years, -0.57 over 1 year and -0.25 over 5 years.
Is RCON a good diversifier for ENLV?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/enlv-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enlv-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENLV correlations · RCON correlations
