OI vs RCON: Correlation
Measured on weekly returns over the past three years, O-I Glass, Inc. (OI) and Recon Technology, Ltd. - Class A (RCON) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OI and RCON?
On 3 years of weekly data the OI/RCON correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.20, and annualized covariance runs at -144131.6 %².
Among the 12 assets we track against OI, RCON sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months RCON outperformed by 22.2 percentage points (-44.8% for OI against -22.6% for RCON). One caveat on sizing: RCON is 340.7 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.
OI vs RCON: side by side
| OI (O-I Glass, Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -44.8% | -22.6% |
| 5-year return | -53.2% | -97.1% |
| Volatility (ann.) | 40.3% | 13728.9% |
| Beta vs S&P 500 | 0.91 | 22.04 |
| Max drawdown (3Y) | -68.6% | -100.0% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OI | RCON |
|---|---|---|
| 2022 | +37.7% | -3.8% |
| 2023 | -1.1% | -81.7% |
| 2024 | -33.8% | -49.5% |
| 2025 | +36.2% | -24.4% |
| 2026 | -51.2% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OI and RCON good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OI and RCON?
The OI/RCON correlation stands at -0.26 on a 3-year window (1 year: -0.36, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for OI?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/oi-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oi-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OI correlations · RCON correlations
