ESOA vs HAO: Correlation
How closely do Energy Services of America Corporation (ESOA) and Haoxi Health Technology Limited - Class A Ord Share (HAO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESOA and HAO?
Across a 3-year window, the weekly returns of ESOA and HAO correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -35163.4 %².
Among the 11 assets we track against ESOA, HAO sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months ESOA outperformed by 111.9 percentage points (+14.0% for ESOA against -97.9% for HAO). Note the risk asymmetry: HAO runs 32.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ESOA vs HAO: side by side
| ESOA (Energy Services of America Corporation) | HAO (Haoxi Health Technology Limited - Class A Ord Share) | |
|---|---|---|
| 1-year return | +14.0% | -97.9% |
| 5-year return | +517.2% | n/a |
| Volatility (ann.) | 70.1% | 2273.9% |
| Beta vs S&P 500 | 0.86 | -2.44 |
| Max drawdown (3Y) | -57.4% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 19.1 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESOA | HAO |
|---|---|---|
| 2022 | -22.1% | – |
| 2023 | +141.3% | – |
| 2024 | +111.4% | – |
| 2025 | -34.4% | +613.3% |
| 2026 | +43.6% | -97.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESOA and HAO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ESOA and HAO?
As of 2026-08-27, the correlation of weekly returns between ESOA and HAO is -0.24 over 3 years, -0.31 over 1 year and n/a over 5 years.
Is HAO a good diversifier for ESOA?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/esoa-vs-hao.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/esoa-vs-hao/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ESOA correlations · HAO correlations
