HAO vs RCON: Correlation
Haoxi Health Technology Limited - Class A Ord Share (HAO) and Recon Technology, Ltd. - Class A (RCON) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and RCON?
Across a 3-year window, the weekly returns of HAO and RCON correlate at 0.77, strong. Lately the two have moved closer together, with the 1-year correlation at 0.95 versus 0.77 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 25665140.3 %².
Among the 26 assets we track against HAO, RCON ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RCON outperformed by 75.3 percentage points (-97.9% for HAO against -22.6% for RCON). One caveat on sizing: RCON is 6.0 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.
HAO vs RCON: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -97.9% | -22.6% |
| 5-year return | n/a | -97.1% |
| Volatility (ann.) | 2273.9% | 13728.9% |
| Beta vs S&P 500 | -2.44 | 22.04 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAO | RCON |
|---|---|---|
| 2022 | – | -3.8% |
| 2023 | – | -81.7% |
| 2024 | – | -49.5% |
| 2025 | +613.3% | -24.4% |
| 2026 | -97.7% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and RCON good diversifiers for each other?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HAO and RCON?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.95 over the last year and n/a over 5 years.
Is RCON a good diversifier for HAO?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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/hao-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hao-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAO correlations · RCON correlations
