AIRJ vs MLGO: Correlation
How closely do AirJoule Technologies Corporation (AIRJ) and MicroAlgo, Inc. (MLGO) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRJ and MLGO?
Over the past 3 years, AIRJ and MLGO moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.25 over 3 years. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -8284.3 %².
Out of 13 assets tracked against AIRJ, MLGO lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months AIRJ outperformed by 51.3 percentage points (-1.6% for AIRJ against -52.9% for MLGO). Risk is not evenly split, since MLGO carries 7.3 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.
AIRJ vs MLGO: side by side
| AIRJ (AirJoule Technologies Corporation) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | -1.6% | -52.9% |
| 5-year return | -51.6% | -100.0% |
| Volatility (ann.) | 67.0% | 489.7% |
| Beta vs S&P 500 | 0.94 | -2.77 |
| Max drawdown (3Y) | -91.4% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRJ | MLGO |
|---|---|---|
| 2022 | – | -87.6% |
| 2023 | +6.7% | -27.0% |
| 2024 | -25.8% | -97.9% |
| 2025 | -50.5% | -96.1% |
| 2026 | +21.6% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRJ and MLGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIRJ and MLGO?
As of 2026-08-27, the correlation of weekly returns between AIRJ and MLGO is -0.25 over 3 years, 0.14 over 1 year and -0.25 over 5 years.
Is MLGO a good diversifier for AIRJ?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/airj-vs-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/airj-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIRJ correlations · MLGO correlations
