KXIN vs PROV: Correlation
How closely do Kaixin Holdings (KXIN) and Provident Financial Holdings, Inc. (PROV) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and PROV?
Over the past 3 years, KXIN and PROV moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -1102.2 %².
Among the 15 assets we track against KXIN, PROV sits near the bottom by co-movement, at rank #13. The last year tells two different stories: PROV led by 122.8 percentage points, -99.5% for KXIN against +23.3% for PROV. Note the risk asymmetry: KXIN runs 16.0 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.
KXIN vs PROV: side by side
| KXIN (Kaixin Holdings) | PROV (Provident Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +23.3% |
| 5-year return | -100.0% | +30.9% |
| Volatility (ann.) | 272.9% | 17.1% |
| Beta vs S&P 500 | 2.71 | 0.24 |
| Max drawdown (3Y) | -100.0% | -19.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | PROV |
|---|---|---|
| 2022 | -74.3% | -13.5% |
| 2023 | -80.0% | -4.3% |
| 2024 | -97.1% | +31.4% |
| 2025 | -88.6% | +3.7% |
| 2026 | -98.1% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and PROV good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KXIN and PROV?
The KXIN/PROV correlation stands at -0.24 on a 3-year window (1 year: -0.19, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is PROV a good diversifier for KXIN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/kxin-vs-prov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kxin-vs-prov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KXIN correlations · PROV correlations
