ALB vs EHGO: Correlation
How closely do Albemarle Corporation (ALB) and Eshallgo Inc. - Class A (EHGO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and EHGO?
On 3 years of weekly data the ALB/EHGO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.24 over 3. The 5-year figure is n/a, and annualized covariance runs at -1656.3 %².
EHGO is close to the least connected end of ALB's tracked universe, ranking #33 of 36. Their recent paths diverged sharply: over the last 12 months ALB outperformed by 147.0 percentage points (+56.9% for ALB against -90.1% for EHGO). Risk is not evenly split, since EHGO carries 2.4 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.
ALB vs EHGO: side by side
| ALB (Albemarle Corporation) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | +56.9% | -90.1% |
| 5-year return | -39.2% | n/a |
| Volatility (ann.) | 54.3% | 127.9% |
| Beta vs S&P 500 | 1.62 | -1.42 |
| Max drawdown (3Y) | -74.1% | -98.5% |
| Market cap | $16.0B | – |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | EHGO |
|---|---|---|
| 2022 | -6.6% | – |
| 2023 | -32.8% | – |
| 2024 | -39.5% | – |
| 2025 | +67.7% | -94.4% |
| 2026 | -3.5% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and EHGO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALB and EHGO?
The ALB/EHGO correlation stands at -0.24 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EHGO a good diversifier for ALB?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/alb-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alb-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALB correlations · EHGO correlations
