LFT vs RCON: Correlation
Lument Finance Trust, Inc. (LFT) and Recon Technology, Ltd. - Class A (RCON) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFT and RCON?
Over the past 3 years, LFT and RCON moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.39) sits close to the 3-year figure. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -134426.0 %².
RCON is close to the least connected end of LFT's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months RCON outperformed by 40.4 percentage points (-63.0% for LFT against -22.6% for RCON). Note the risk asymmetry: RCON runs 418.6 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.
LFT vs RCON: side by side
| LFT (Lument Finance Trust, Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -63.0% | -22.6% |
| 5-year return | -67.7% | -97.1% |
| Volatility (ann.) | 32.8% | 13728.9% |
| Beta vs S&P 500 | 0.41 | 22.04 |
| Max drawdown (3Y) | -75.1% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 21.82% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LFT | RCON |
|---|---|---|
| 2022 | -45.1% | -3.8% |
| 2023 | +38.6% | -81.7% |
| 2024 | +29.4% | -49.5% |
| 2025 | -39.3% | -24.4% |
| 2026 | -44.4% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFT and RCON good diversifiers for each other?
Yes. With a correlation of -0.30, LFT and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LFT and RCON?
As of 2026-08-27, the correlation of weekly returns between LFT and RCON is -0.30 over 3 years, -0.39 over 1 year and -0.24 over 5 years.
Is RCON a good diversifier for LFT?
Yes. With a correlation of -0.30, LFT and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/lft-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lft-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LFT correlations · RCON correlations
