HAO vs TT: Correlation
Measured on weekly returns over the past three years, Haoxi Health Technology Limited - Class A Ord Share (HAO) and Trane Technologies (TT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and TT?
Across a 3-year window, the weekly returns of HAO and TT correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -12927.0 %².
By 3-year correlation, TT places #16 of the 26 assets tracked against HAO. Their recent paths diverged sharply: over the last 12 months TT outperformed by 105.7 percentage points (-97.9% for HAO against +7.8% for TT). One caveat on sizing: HAO is 81.8 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 TT: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | TT (Trane Technologies) | |
|---|---|---|
| 1-year return | -97.9% | +7.8% |
| 5-year return | n/a | +141.4% |
| Volatility (ann.) | 2273.9% | 27.8% |
| Beta vs S&P 500 | -2.44 | 1.19 |
| Max drawdown (3Y) | -100.0% | -24.4% |
| Market cap | – | $100.0B |
| P/E (trailing) | – | 33.8 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HAO | TT |
|---|---|---|
| 2022 | – | -15.3% |
| 2023 | – | +47.4% |
| 2024 | – | +53.0% |
| 2025 | +613.3% | +6.1% |
| 2026 | -97.7% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and TT good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAO and TT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.15 over the last year and n/a over 5 years.
Is TT a good diversifier for HAO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
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/hao-vs-tt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hao-vs-tt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAO correlations · TT correlations
