ACNT vs MAAS: Correlation
Measured on weekly returns over the past three years, Ascent Industries Co. (ACNT) and Maase Inc. - Class A (MAAS) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and MAAS?
Across a 3-year window, the weekly returns of ACNT and MAAS correlate at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.15, with an annualized covariance of 1177.8 %².
Among the 16 assets we track against ACNT, MAAS ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MAAS ahead by 277.4 points (+31.0% versus +308.4%). One caveat on sizing: MAAS is 4.0 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.
ACNT vs MAAS: side by side
| ACNT (Ascent Industries Co.) | MAAS (Maase Inc. - Class A) | |
|---|---|---|
| 1-year return | +31.0% | +308.4% |
| 5-year return | +37.0% | -94.5% |
| Volatility (ann.) | 31.2% | 126.1% |
| Beta vs S&P 500 | 0.09 | 1.00 |
| Max drawdown (3Y) | -31.8% | -99.6% |
| Market cap | $0.1B | $7.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | MAAS |
|---|---|---|
| 2022 | -47.2% | +14.9% |
| 2023 | +10.3% | -19.2% |
| 2024 | +16.9% | -94.6% |
| 2025 | +44.8% | -73.1% |
| 2026 | -2.4% | +206.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and MAAS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACNT and MAAS?
As of 2026-08-27, the correlation of weekly returns between ACNT and MAAS is 0.30 over 3 years, 0.27 over 1 year and 0.15 over 5 years.
Is MAAS a good diversifier for ACNT?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/acnt-vs-maas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acnt-vs-maas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACNT correlations · MAAS correlations
