KNDI vs WMT: Correlation
Kandi Technologies Group, Inc. (KNDI) and Walmart (WMT) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNDI and WMT?
Across a 3-year window, the weekly returns of KNDI and WMT correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.07, with an annualized covariance of -308.1 %².
Out of 10 assets tracked against KNDI, WMT lands near the bottom at #10. The last year tells two different stories: WMT led by 64.3 percentage points, -56.6% for KNDI against +7.7% for WMT. Risk is not evenly split, since KNDI carries 2.5 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.
KNDI vs WMT: side by side
| KNDI (Kandi Technologies Group, Inc.) | WMT (Walmart) | |
|---|---|---|
| 1-year return | -56.6% | +7.7% |
| 5-year return | -87.2% | +121.9% |
| Volatility (ann.) | 56.6% | 23.0% |
| Beta vs S&P 500 | 0.56 | 0.53 |
| Max drawdown (3Y) | -83.3% | -23.3% |
| Market cap | $0.1B | $816.7B |
| P/E (trailing) | – | 37.1 |
| Dividend yield | 0.00% | 0.92% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | KNDI | WMT |
|---|---|---|
| 2022 | -28.3% | -0.5% |
| 2023 | +21.7% | +12.9% |
| 2024 | -57.1% | +74.0% |
| 2025 | -34.2% | +24.5% |
| 2026 | -19.2% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNDI and WMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between KNDI and WMT?
As of 2026-08-27, the correlation of weekly returns between KNDI and WMT is -0.24 over 3 years, -0.22 over 1 year and -0.07 over 5 years.
Is WMT a good diversifier for KNDI?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/kndi-vs-wmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kndi-vs-wmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KNDI correlations · WMT correlations
