AGRO vs GEG: Correlation
Adecoagro S.A. (AGRO) and Great Elm Group, Inc. (GEG) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and GEG?
Across a 3-year window, the weekly returns of AGRO and GEG correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.32). Stretching to 5 years gives -0.13, with an annualized covariance of -435.4 %².
Among the 36 assets we track against AGRO, GEG sits near the bottom by co-movement, at rank #36. Correlation aside, the last 12 months split them widely, with AGRO ahead by 38.5 points (+28.1% versus -10.4%).
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.
AGRO vs GEG: side by side
| AGRO (Adecoagro S.A.) | GEG (Great Elm Group, Inc.) | |
|---|---|---|
| 1-year return | +28.1% | -10.4% |
| 5-year return | +29.1% | -7.3% |
| Volatility (ann.) | 41.7% | 33.0% |
| Beta vs S&P 500 | -0.27 | 0.15 |
| Max drawdown (3Y) | -41.3% | -41.4% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | 28.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | GEG |
|---|---|---|
| 2022 | +11.5% | -3.3% |
| 2023 | +38.6% | -4.0% |
| 2024 | -12.4% | -6.7% |
| 2025 | -14.3% | +40.9% |
| 2026 | +36.0% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and GEG good diversifiers for each other?
Yes. With a correlation of -0.32, AGRO and GEG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGRO and GEG?
The AGRO/GEG correlation stands at -0.32 on a 3-year window (1 year: -0.48, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is GEG a good diversifier for AGRO?
Yes. With a correlation of -0.32, AGRO and GEG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 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/agro-vs-geg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agro-vs-geg/)
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Related comparisons
Hubs: AGRO correlations · GEG correlations
