RCON vs SMXT: Correlation
Recon Technology, Ltd. - Class A (RCON) and Solarmax Technology Inc. (SMXT) show a very strong relationship: their 3-year correlation of weekly returns is 0.99.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCON and SMXT?
Over the past 3 years, RCON and SMXT moved with a correlation of 0.99, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 1.00 over 1 year against 0.99 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 14064256.1 %².
By 3-year correlation, SMXT places #4 of the 48 assets tracked against RCON. Correlation aside, the last 12 months split them widely, with SMXT ahead by 162.3 points (-22.6% versus +139.7%). Risk is not evenly split, since RCON carries 14.5 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.
RCON vs SMXT: side by side
| RCON (Recon Technology, Ltd. - Class A) | SMXT (Solarmax Technology Inc.) | |
|---|---|---|
| 1-year return | -22.6% | +139.7% |
| 5-year return | -97.1% | n/a |
| Volatility (ann.) | 13728.9% | 947.0% |
| Beta vs S&P 500 | 22.04 | 2.41 |
| Max drawdown (3Y) | -100.0% | -98.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCON | SMXT |
|---|---|---|
| 2022 | -3.8% | – |
| 2023 | -81.7% | – |
| 2024 | -49.5% | – |
| 2025 | -24.4% | -49.3% |
| 2026 | +10.8% | +267.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCON and SMXT good diversifiers for each other?
Not really. At 0.99, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between RCON and SMXT?
Using weekly returns as of 2026-08-27: 0.99 over 3 years, with 1.00 over the last year and n/a over 5 years.
Is SMXT a good diversifier for RCON?
Not really. At 0.99, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.99 mean?
On the −1 to +1 scale, 0.99 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/rcon-vs-smxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcon-vs-smxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RCON correlations · SMXT correlations
