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HKIT vs MSS: Correlation

Measured on weekly returns over the past three years, Hitek Global Inc. - Class A (HKIT) and Maison Solutions Inc. (MSS) carry a correlation of 0.29, a weak link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.29
weak
Correlation (1Y)
-0.09
last 12 months
Correlation (5Y)
n/a
long-run
Ann. covariance
8437.4
%² · weekly, annualized

How correlated are HKIT and MSS?

Over the past 3 years, HKIT and MSS moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (-0.09) than the 3-year average (0.29). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8437.4 %².

Among the 14 assets we track against HKIT, MSS ranks #7 by 3-year correlation. Their 12-month results are close: -99.9% for HKIT against -96.3% for MSS. Note the risk asymmetry: HKIT runs 1.8 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.

HKIT vs MSS: side by side

HKIT (Hitek Global Inc. - Class A)MSS (Maison Solutions Inc.)
1-year return-99.9%-96.3%
5-year returnn/an/a
Volatility (ann.)233.1%128.2%
Beta vs S&P 5001.700.32
Max drawdown (3Y)-100.0%-99.8%
Market cap
P/E (trailing)0.0
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: MSS -99.8% vs -100.0%
-100%0%+53%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). HKIT · MSS

Year-by-year returns

YearHKITMSS
2024+36.2%-10.9%
2025+55.9%-73.9%
2026-100.0%-90.2%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are HKIT and MSS good diversifiers for each other?

A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

FAQ

What is the correlation between HKIT and MSS?

The HKIT/MSS correlation stands at 0.29 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.

Is MSS a good diversifier for HKIT?

A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

What does a correlation of 0.29 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

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HKIT vs MSS: 3-year weekly correlation 0.29HKIT vs MSS0.29

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Related comparisons

Hubs: HKIT correlations · MSS correlations