NAUT vs RCON: Correlation
Nautilus Biotechnology, Inc. (NAUT) and Recon Technology, Ltd. - Class A (RCON) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAUT and RCON?
On 3 years of weekly data the NAUT/RCON correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.27). The 5-year figure is -0.21, and annualized covariance runs at -264058.9 %².
RCON is close to the least connected end of NAUT's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months NAUT outperformed by 51.2 percentage points (+28.6% for NAUT against -22.6% for RCON). One caveat on sizing: RCON is 189.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NAUT vs RCON: side by side
| NAUT (Nautilus Biotechnology, Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +28.6% | -22.6% |
| 5-year return | -88.5% | -97.1% |
| Volatility (ann.) | 72.5% | 13728.9% |
| Beta vs S&P 500 | 1.36 | 22.04 |
| Max drawdown (3Y) | -83.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAUT | RCON |
|---|---|---|
| 2022 | -65.3% | -3.8% |
| 2023 | +66.1% | -81.7% |
| 2024 | -43.8% | -49.5% |
| 2025 | +16.1% | -24.4% |
| 2026 | -53.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAUT and RCON good diversifiers for each other?
Yes. With a correlation of -0.27, NAUT and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NAUT and RCON?
As of 2026-08-27, the correlation of weekly returns between NAUT and RCON is -0.27 over 3 years, -0.40 over 1 year and -0.21 over 5 years.
Is RCON a good diversifier for NAUT?
Yes. With a correlation of -0.27, NAUT and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/naut-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/naut-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NAUT correlations · RCON correlations
