AGI vs MACI: Correlation
Measured on weekly returns over the past three years, Alamos Gold Inc. Class A (AGI) and Melar Acquisition Corp. I - Class A (MACI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and MACI?
On 3 years of weekly data the AGI/MACI correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.23 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -24.5 %².
Among the 26 assets we track against AGI, MACI sits near the bottom by co-movement, at rank #24. Their recent paths diverged sharply: over the last 12 months AGI outperformed by 23.3 percentage points (+27.7% for AGI against +4.4% for MACI). Risk is not evenly split, since AGI carries 22.0 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.
AGI vs MACI: side by side
| AGI (Alamos Gold Inc. Class A) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +27.7% | +4.4% |
| 5-year return | +404.0% | n/a |
| Volatility (ann.) | 46.1% | 2.1% |
| Beta vs S&P 500 | 0.76 | -0.03 |
| Max drawdown (3Y) | -49.6% | -2.0% |
| Market cap | $15.9B | $0.2B |
| P/E (trailing) | 13.5 | 60.9 |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | MACI |
|---|---|---|
| 2022 | +33.1% | – |
| 2023 | +34.3% | – |
| 2024 | +37.7% | – |
| 2025 | +109.6% | +5.7% |
| 2026 | -1.6% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and MACI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGI and MACI?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.42 over the last year and n/a over 5 years.
Is MACI a good diversifier for AGI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/agi-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agi-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGI correlations · MACI correlations
