RCON vs TXT: Correlation
Recon Technology, Ltd. - Class A (RCON) and Textron (TXT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCON and TXT?
Across a 3-year window, the weekly returns of RCON and TXT correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.20). Stretching to 5 years gives -0.15, with an annualized covariance of -70673.9 %².
By 3-year correlation, TXT places #28 of the 48 assets tracked against RCON. Correlation aside, the last 12 months split them widely, with TXT ahead by 23.3 points (-22.6% versus +0.7%). Note the risk asymmetry: RCON runs 540.5 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.
RCON vs TXT: side by side
| RCON (Recon Technology, Ltd. - Class A) | TXT (Textron) | |
|---|---|---|
| 1-year return | -22.6% | +0.7% |
| 5-year return | -97.1% | +15.1% |
| Volatility (ann.) | 13728.9% | 25.4% |
| Beta vs S&P 500 | 22.04 | 0.89 |
| Max drawdown (3Y) | -100.0% | -37.3% |
| Market cap | – | $14.2B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | RCON | TXT |
|---|---|---|
| 2022 | -3.8% | -8.2% |
| 2023 | -81.7% | +13.7% |
| 2024 | -49.5% | -4.8% |
| 2025 | -24.4% | +14.1% |
| 2026 | +10.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCON and TXT good diversifiers for each other?
Yes. With a correlation of -0.20, RCON and TXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RCON and TXT?
As of 2026-08-27, the correlation of weekly returns between RCON and TXT is -0.20 over 3 years, -0.34 over 1 year and -0.15 over 5 years.
Is TXT a good diversifier for RCON?
Yes. With a correlation of -0.20, RCON and TXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/rcon-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcon-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RCON correlations · TXT correlations
