GGR vs RCON: Correlation
Gogoro Inc. (GGR) and Recon Technology, Ltd. - Class A (RCON) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGR and RCON?
Across a 3-year window, the weekly returns of GGR and RCON correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.21). Stretching to 5 years gives -0.17, with an annualized covariance of -209310.6 %².
Out of 10 assets tracked against GGR, RCON lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with RCON ahead by 42.7 points (-65.3% versus -22.6%). One caveat on sizing: RCON is 187.6 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.
GGR vs RCON: side by side
| GGR (Gogoro Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -65.3% | -22.6% |
| 5-year return | -98.7% | -97.1% |
| Volatility (ann.) | 73.2% | 13728.9% |
| Beta vs S&P 500 | 1.20 | 22.04 |
| Max drawdown (3Y) | -96.4% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGR | RCON |
|---|---|---|
| 2022 | -67.8% | -3.8% |
| 2023 | -18.9% | -81.7% |
| 2024 | -80.6% | -49.5% |
| 2025 | -72.6% | -24.4% |
| 2026 | -6.2% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGR and RCON good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between GGR and RCON?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.35 over the last year and -0.17 over 5 years.
Is RCON a good diversifier for GGR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/ggr-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggr-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GGR correlations · RCON correlations
