HAO vs ZKIN: Correlation
How closely do Haoxi Health Technology Limited - Class A Ord Share (HAO) and ZK International Group Co., Ltd (ZKIN) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and ZKIN?
Over the past 3 years, HAO and ZKIN moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.44). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 312926.5 %².
Among the 26 assets we track against HAO, ZKIN ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZKIN ahead by 56.3 points (-97.9% versus -41.6%). Note the risk asymmetry: HAO runs 7.7 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 ZKIN: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | ZKIN (ZK International Group Co., Ltd) | |
|---|---|---|
| 1-year return | -97.9% | -41.6% |
| 5-year return | n/a | -68.9% |
| Volatility (ann.) | 2273.9% | 296.5% |
| Beta vs S&P 500 | -2.44 | -1.03 |
| Max drawdown (3Y) | -100.0% | -74.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAO | ZKIN |
|---|---|---|
| 2022 | – | -70.6% |
| 2023 | – | +140.2% |
| 2024 | – | -38.8% |
| 2025 | +613.3% | +150.0% |
| 2026 | -97.7% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and ZKIN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HAO and ZKIN?
As of 2026-08-27, the correlation of weekly returns between HAO and ZKIN is 0.44 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is ZKIN a good diversifier for HAO?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hao-vs-zkin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hao-vs-zkin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAO correlations · ZKIN correlations
