HAL vs UZX: Correlation
Measured on weekly returns over the past three years, Halliburton (HAL) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAL and UZX?
On 3 years of weekly data the HAL/UZX correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -860.5 %².
By 3-year correlation, UZX places #37 of the 44 assets tracked against HAL. Correlation aside, the last 12 months split them widely, with HAL ahead by 157.4 points (+62.8% versus -94.6%). Note the risk asymmetry: UZX runs 3.6 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.
HAL vs UZX: side by side
| HAL (Halliburton) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +62.8% | -94.6% |
| 5-year return | +93.6% | n/a |
| Volatility (ann.) | 38.0% | 137.7% |
| Beta vs S&P 500 | 0.55 | 0.09 |
| Max drawdown (3Y) | -54.0% | -99.8% |
| Market cap | $29.6B | – |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 1.97% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | HAL | UZX |
|---|---|---|
| 2022 | +74.5% | – |
| 2023 | -6.5% | – |
| 2024 | -23.2% | -71.7% |
| 2025 | +7.0% | -58.8% |
| 2026 | +26.7% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAL and UZX good diversifiers for each other?
Yes. With a correlation of -0.16, HAL and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HAL and UZX?
The HAL/UZX correlation stands at -0.16 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for HAL?
Yes. With a correlation of -0.16, HAL and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hal-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hal-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAL correlations · UZX correlations
