AIRT vs MAMO: Correlation
Air T, Inc. (AIRT) and Massimo Group (MAMO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRT and MAMO?
On 3 years of weekly data the AIRT/MAMO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1053.2 %².
Out of 12 assets tracked against AIRT, MAMO lands near the bottom at #11. The last year tells two different stories: AIRT led by 107.3 percentage points, +41.2% for AIRT against -66.1% for MAMO. One caveat on sizing: MAMO is 1.7 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.
AIRT vs MAMO: side by side
| AIRT (Air T, Inc.) | MAMO (Massimo Group) | |
|---|---|---|
| 1-year return | +41.2% | -66.1% |
| 5-year return | -4.1% | n/a |
| Volatility (ann.) | 51.1% | 87.3% |
| Beta vs S&P 500 | 0.05 | 0.53 |
| Max drawdown (3Y) | -49.3% | -83.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | 1.3 | 10.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRT | MAMO |
|---|---|---|
| 2022 | -1.7% | – |
| 2023 | -31.6% | – |
| 2024 | +18.0% | – |
| 2025 | -4.3% | +54.9% |
| 2026 | +70.8% | -74.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRT and MAMO good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIRT and MAMO?
As of 2026-08-27, the correlation of weekly returns between AIRT and MAMO is -0.24 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is MAMO a good diversifier for AIRT?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/airt-vs-mamo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/airt-vs-mamo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIRT correlations · MAMO correlations
