HUN vs TOP: Correlation
Huntsman Corporation (HUN) and TOP Financial Group Limited - Class A (TOP) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUN and TOP?
Across a 3-year window, the weekly returns of HUN and TOP correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.25 over 3 years. Stretching to 5 years gives -0.06, with an annualized covariance of -2678.5 %².
Out of 14 assets tracked against HUN, TOP lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with TOP ahead by 1226.1 points (-8.2% versus +1217.9%). Risk is not evenly split, since TOP carries 4.9 times the volatility of the other side.
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.
HUN vs TOP: side by side
| HUN (Huntsman Corporation) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -8.2% | +1217.9% |
| 5-year return | -55.1% | -9.2% |
| Volatility (ann.) | 47.1% | 230.2% |
| Beta vs S&P 500 | 0.93 | 1.60 |
| Max drawdown (3Y) | -70.1% | -89.6% |
| Market cap | $1.7B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 5.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUN | TOP |
|---|---|---|
| 2022 | -19.0% | – |
| 2023 | -5.1% | -22.5% |
| 2024 | -25.0% | -59.5% |
| 2025 | -40.6% | -34.3% |
| 2026 | -2.3% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUN and TOP good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HUN and TOP?
The HUN/TOP correlation stands at -0.25 on a 3-year window (1 year: -0.37, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is TOP a good diversifier for HUN?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/hun-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hun-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUN correlations · TOP correlations
