GLMD vs RCON: Correlation
Galmed Pharmaceuticals Ltd. (GLMD) and Recon Technology, Ltd. - Class A (RCON) show a very strong relationship: their 3-year correlation of weekly returns is 0.98.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLMD and RCON?
Over the past 3 years, GLMD and RCON moved with a correlation of 0.98, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.99 over 1 year against 0.98 over 3. Over 5 years the correlation is 0.97, and the annualized covariance of weekly returns is 8316603.4 %².
In GLMD's tracked universe of 10 assets, RCON sits right near the top at #1. Correlation aside, the last 12 months split them widely, with GLMD ahead by 232.4 points (+209.8% versus -22.6%). Note the risk asymmetry: RCON runs 22.2 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.
GLMD vs RCON: side by side
| GLMD (Galmed Pharmaceuticals Ltd.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +209.8% | -22.6% |
| 5-year return | -99.3% | -97.1% |
| Volatility (ann.) | 619.4% | 13728.9% |
| Beta vs S&P 500 | 2.45 | 22.04 |
| Max drawdown (3Y) | -96.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLMD | RCON |
|---|---|---|
| 2022 | -72.5% | -3.8% |
| 2023 | -93.9% | -81.7% |
| 2024 | -41.6% | -49.5% |
| 2025 | -76.5% | -24.4% |
| 2026 | +473.3% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLMD and RCON good diversifiers for each other?
No. With a correlation of 0.98, GLMD and RCON move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between GLMD and RCON?
The GLMD/RCON correlation stands at 0.98 on a 3-year window (1 year: 0.99, 5 years: 0.97), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for GLMD?
No. With a correlation of 0.98, GLMD and RCON move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.98 mean?
A reading of 0.98 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/glmd-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glmd-vs-rcon/)
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Related comparisons
Hubs: GLMD correlations · RCON correlations
