PAMT vs TAOP: Correlation
Measured on weekly returns over the past three years, PAMT CORP (PAMT) and Taoping Inc. (TAOP) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAMT and TAOP?
On 3 years of weekly data the PAMT/TAOP correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -1123.2 %².
Among the 10 assets we track against PAMT, TAOP sits near the bottom by co-movement, at rank #8. The last year tells two different stories: PAMT led by 58.9 percentage points, -5.9% for PAMT against -64.8% for TAOP. Note the risk asymmetry: TAOP runs 1.8 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.
PAMT vs TAOP: side by side
| PAMT (PAMT CORP) | TAOP (Taoping Inc.) | |
|---|---|---|
| 1-year return | -5.9% | -64.8% |
| 5-year return | -27.0% | -99.9% |
| Volatility (ann.) | 55.0% | 96.5% |
| Beta vs S&P 500 | 0.79 | 1.51 |
| Max drawdown (3Y) | -67.8% | -99.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAMT | TAOP |
|---|---|---|
| 2022 | -27.1% | -65.6% |
| 2023 | -19.8% | -77.7% |
| 2024 | -21.2% | -71.0% |
| 2025 | -26.3% | -88.9% |
| 2026 | -0.3% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAMT and TAOP good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAMT and TAOP?
As of 2026-08-27, the correlation of weekly returns between PAMT and TAOP is -0.21 over 3 years, -0.24 over 1 year and -0.10 over 5 years.
Is TAOP a good diversifier for PAMT?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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
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Related comparisons
Hubs: PAMT correlations · TAOP correlations
