AGMH vs NFE: Correlation
How closely do AGM Group Holdings Inc. - Class A (AGMH) and New Fortress Energy Inc. (NFE) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGMH and NFE?
On 3 years of weekly data the AGMH/NFE correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.42). The 5-year figure is 0.38, and annualized covariance runs at 10746.5 %².
By 3-year correlation, NFE places #9 of the 19 assets tracked against AGMH. Their recent paths diverged sharply: over the last 12 months AGMH outperformed by 35.3 percentage points (-53.0% for AGMH against -88.3% for NFE). Risk is not evenly split, since AGMH carries 2.1 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.
AGMH vs NFE: side by side
| AGMH (AGM Group Holdings Inc. - Class A) | NFE (New Fortress Energy Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -88.3% |
| 5-year return | -99.8% | -98.8% |
| Volatility (ann.) | 233.6% | 109.0% |
| Beta vs S&P 500 | 2.39 | 1.67 |
| Max drawdown (3Y) | -99.3% | -99.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGMH | NFE |
|---|---|---|
| 2022 | -31.2% | +77.4% |
| 2023 | +9.7% | -3.1% |
| 2024 | -16.6% | -59.2% |
| 2025 | -97.4% | -92.5% |
| 2026 | -51.6% | -73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGMH and NFE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGMH and NFE?
The AGMH/NFE correlation stands at 0.42 on a 3-year window (1 year: 0.62, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is NFE a good diversifier for AGMH?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/agmh-vs-nfe.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agmh-vs-nfe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGMH correlations · NFE correlations
