LIN vs RCON: Correlation
Measured on weekly returns over the past three years, Linde plc (LIN) and Recon Technology, Ltd. - Class A (RCON) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and RCON?
On 3 years of weekly data the LIN/RCON correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.23 over 3. The 5-year figure is -0.15, and annualized covariance runs at -50863.8 %².
RCON is close to the least connected end of LIN's tracked universe, ranking #33 of 36. The last year tells two different stories: LIN led by 24.5 percentage points, +1.9% for LIN against -22.6% for RCON. Risk is not evenly split, since RCON carries 832.1 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.
LIN vs RCON: side by side
| LIN (Linde plc) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +1.9% | -22.6% |
| 5-year return | +64.6% | -97.1% |
| Volatility (ann.) | 16.5% | 13728.9% |
| Beta vs S&P 500 | 0.37 | 22.04 |
| Max drawdown (3Y) | -19.2% | -100.0% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LIN | RCON |
|---|---|---|
| 2022 | -4.4% | -3.8% |
| 2023 | +27.7% | -81.7% |
| 2024 | +3.2% | -49.5% |
| 2025 | +3.2% | -24.4% |
| 2026 | +14.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and RCON good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between LIN and RCON?
The LIN/RCON correlation stands at -0.23 on a 3-year window (1 year: -0.32, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for LIN?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/lin-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lin-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIN correlations · RCON correlations
