HAO vs PKG: Correlation
Measured on weekly returns over the past three years, Haoxi Health Technology Limited - Class A Ord Share (HAO) and Packaging Corporation of America (PKG) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and PKG?
Over the past 3 years, HAO and PKG moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.24 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -12821.1 %².
Among the 26 assets we track against HAO, PKG ranks #19 by 3-year correlation. The last year tells two different stories: PKG led by 116.4 percentage points, -97.9% for HAO against +18.5% for PKG. Note the risk asymmetry: HAO runs 96.8 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.
HAO vs PKG: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | PKG (Packaging Corporation of America) | |
|---|---|---|
| 1-year return | -97.9% | +18.5% |
| 5-year return | n/a | +86.8% |
| Volatility (ann.) | 2273.9% | 23.5% |
| Beta vs S&P 500 | -2.44 | 0.52 |
| Max drawdown (3Y) | -100.0% | -28.4% |
| Market cap | – | $21.7B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 2.13% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | HAO | PKG |
|---|---|---|
| 2022 | – | -2.6% |
| 2023 | – | +31.9% |
| 2024 | – | +41.7% |
| 2025 | +613.3% | -6.1% |
| 2026 | -97.7% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and PKG good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAO and PKG?
The HAO/PKG correlation stands at -0.24 on a 3-year window (1 year: -0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PKG a good diversifier for HAO?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: HAO correlations · PKG correlations
