HKIT vs LTRX: Correlation
Hitek Global Inc. - Class A (HKIT) and Lantronix, Inc. (LTRX) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HKIT and LTRX?
On 3 years of weekly data the HKIT/LTRX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.13) runs above the 3-year figure (-0.30). The 5-year figure is n/a, and annualized covariance runs at -4756.5 %².
LTRX is close to the least connected end of HKIT's tracked universe, ranking #14 of 14. Correlation aside, the last 12 months split them widely, with LTRX ahead by 162.4 points (-99.9% versus +62.5%). Note the risk asymmetry: HKIT runs 3.4 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.
HKIT vs LTRX: side by side
| HKIT (Hitek Global Inc. - Class A) | LTRX (Lantronix, Inc.) | |
|---|---|---|
| 1-year return | -99.9% | +62.5% |
| 5-year return | n/a | +0.0% |
| Volatility (ann.) | 233.1% | 68.2% |
| Beta vs S&P 500 | 1.70 | 1.12 |
| Max drawdown (3Y) | -100.0% | -71.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HKIT | LTRX |
|---|---|---|
| 2022 | – | -44.8% |
| 2023 | – | +35.6% |
| 2024 | +36.2% | -29.7% |
| 2025 | +55.9% | +42.2% |
| 2026 | -100.0% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HKIT and LTRX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HKIT and LTRX?
As of 2026-08-27, the correlation of weekly returns between HKIT and LTRX is -0.30 over 3 years, 0.13 over 1 year and n/a over 5 years.
Is LTRX a good diversifier for HKIT?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/hkit-vs-ltrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hkit-vs-ltrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HKIT correlations · LTRX correlations
