AIRE vs MGIH: Correlation
reAlpha Tech Corp. (AIRE) and Millennium Group International Holdings Limited (MGIH) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRE and MGIH?
On 3 years of weekly data the AIRE/MGIH correlation comes out at 0.48, moderate. The past 12 months show a tighter link (0.78) than the 3-year average (0.48). The 5-year figure is n/a, and annualized covariance runs at 11174.3 %².
Among the 18 assets we track against AIRE, MGIH ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGIH outperformed by 66.6 percentage points (-80.4% for AIRE against -13.8% for MGIH). One caveat on sizing: AIRE is 2.3 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.
AIRE vs MGIH: side by side
| AIRE (reAlpha Tech Corp.) | MGIH (Millennium Group International Holdings Limited) | |
|---|---|---|
| 1-year return | -80.4% | -13.8% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 227.0% | 100.5% |
| Beta vs S&P 500 | 2.00 | 0.32 |
| Max drawdown (3Y) | -100.0% | -60.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRE | MGIH |
|---|---|---|
| 2024 | +45.2% | +21.8% |
| 2025 | -85.6% | -17.9% |
| 2026 | -83.8% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRE and MGIH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIRE and MGIH?
The AIRE/MGIH correlation stands at 0.48 on a 3-year window (1 year: 0.78, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MGIH a good diversifier for AIRE?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AIRE correlations · MGIH correlations
