RCON vs TOP: Correlation
How closely do Recon Technology, Ltd. - Class A (RCON) and TOP Financial Group Limited - Class A (TOP) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCON and TOP?
Over the past 3 years, RCON and TOP moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 2276426.8 %².
Within RCON's tracked universe of 48 assets, TOP comes in at #17 by 3-year correlation. The last year tells two different stories: TOP led by 1240.5 percentage points, -22.6% for RCON against +1217.9% for TOP. Risk is not evenly split, since RCON carries 59.6 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 TOP: side by side
| RCON (Recon Technology, Ltd. - Class A) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -22.6% | +1217.9% |
| 5-year return | -97.1% | -9.2% |
| Volatility (ann.) | 13728.9% | 230.2% |
| Beta vs S&P 500 | 22.04 | 1.60 |
| Max drawdown (3Y) | -100.0% | -89.6% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCON | TOP |
|---|---|---|
| 2022 | -3.8% | – |
| 2023 | -81.7% | -22.5% |
| 2024 | -49.5% | -59.5% |
| 2025 | -24.4% | -34.3% |
| 2026 | +10.8% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCON and TOP good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RCON and TOP?
The RCON/TOP correlation stands at 0.72 on a 3-year window (1 year: 0.75, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is TOP a good diversifier for RCON?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rcon-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rcon-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RCON correlations · TOP correlations
