OLOX vs SUPX: Correlation
How closely do Olenox Industries Inc. (OLOX) and SuperX AI Technology Limited (SUPX) 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 OLOX and SUPX?
Over the past 3 years, OLOX and SUPX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.24 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5155.1 %².
Among the 11 assets we track against OLOX, SUPX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with SUPX ahead by 21.8 points (-98.8% versus -77.0%). One caveat on sizing: OLOX is 1.5 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.
OLOX vs SUPX: side by side
| OLOX (Olenox Industries Inc.) | SUPX (SuperX AI Technology Limited) | |
|---|---|---|
| 1-year return | -98.8% | -77.0% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 173.6% | 115.6% |
| Beta vs S&P 500 | 0.94 | 0.01 |
| Max drawdown (3Y) | -100.0% | -92.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLOX | SUPX |
|---|---|---|
| 2022 | -27.1% | – |
| 2023 | -26.7% | – |
| 2024 | -94.9% | – |
| 2025 | -93.9% | +318.1% |
| 2026 | -92.9% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLOX and SUPX good diversifiers for each other?
Yes. With a correlation of -0.24, OLOX and SUPX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OLOX and SUPX?
The OLOX/SUPX correlation stands at -0.24 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SUPX a good diversifier for OLOX?
Yes. With a correlation of -0.24, OLOX and SUPX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/olox-vs-supx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/olox-vs-supx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLOX correlations · SUPX correlations
