HTCO vs HTCR: Correlation
How closely do High-Trend International Group - Class A (HTCO) and Heartcore Enterprises, Inc. (HTCR) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCO and HTCR?
Across a 3-year window, the weekly returns of HTCO and HTCR correlate at 0.27, weak. The link has loosened recently: the 1-year correlation (-0.21) runs below the 3-year figure (0.27). Stretching to 5 years gives 0.16, with an annualized covariance of 3823.1 %².
Among the 15 assets we track against HTCO, HTCR ranks #5 by 3-year correlation. The trailing year gives HTCO the advantage: -77.8% versus -86.7%, a 8.9-point spread.
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.
HTCO vs HTCR: side by side
| HTCO (High-Trend International Group - Class A) | HTCR (Heartcore Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -77.8% | -86.7% |
| 5-year return | -98.9% | -96.7% |
| Volatility (ann.) | 143.5% | 97.6% |
| Beta vs S&P 500 | -0.60 | 1.26 |
| Max drawdown (3Y) | -97.5% | -95.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTCO | HTCR |
|---|---|---|
| 2022 | -87.1% | – |
| 2023 | -63.0% | -29.9% |
| 2024 | +608.5% | +199.2% |
| 2025 | -89.9% | -80.3% |
| 2026 | -69.1% | -56.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCO and HTCR good diversifiers for each other?
Reasonably. At 0.27, HTCO and HTCR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HTCO and HTCR?
The HTCO/HTCR correlation stands at 0.27 on a 3-year window (1 year: -0.21, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is HTCR a good diversifier for HTCO?
Reasonably. At 0.27, HTCO and HTCR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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/htco-vs-htcr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/htco-vs-htcr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTCO correlations · HTCR correlations
