IPW vs RCON: Correlation
How closely do iPower Inc. (IPW) and Recon Technology, Ltd. - Class A (RCON) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and RCON?
On 3 years of weekly data the IPW/RCON correlation comes out at 0.64, strong. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.64 over 3 years. The 5-year figure is 0.62, and annualized covariance runs at 3567348.5 %².
By 3-year correlation, RCON places #5 of the 37 assets tracked against IPW. Their recent paths diverged sharply: over the last 12 months RCON outperformed by 76.0 percentage points (-98.6% for IPW against -22.6% for RCON). Note the risk asymmetry: RCON runs 33.8 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.
IPW vs RCON: side by side
| IPW (iPower Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -98.6% | -22.6% |
| 5-year return | -99.8% | -97.1% |
| Volatility (ann.) | 405.9% | 13728.9% |
| Beta vs S&P 500 | 2.99 | 22.04 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | RCON |
|---|---|---|
| 2022 | -83.2% | -3.8% |
| 2023 | +12.5% | -81.7% |
| 2024 | +85.1% | -49.5% |
| 2025 | -70.1% | -24.4% |
| 2026 | -96.8% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and RCON good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IPW and RCON?
The IPW/RCON correlation stands at 0.64 on a 3-year window (1 year: 0.77, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for IPW?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/ipw-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipw-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPW correlations · RCON correlations
