ALLE vs MXC: Correlation
Measured on weekly returns over the past three years, Allegion (ALLE) and Mexco Energy Corporation (MXC) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and MXC?
Across a 3-year window, the weekly returns of ALLE and MXC correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.04, with an annualized covariance of -313.7 %².
Among the 33 assets we track against ALLE, MXC sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months MXC outperformed by 28.0 percentage points (-6.4% for ALLE against +21.6% for MXC). Risk is not evenly split, since MXC carries 2.6 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.
ALLE vs MXC: side by side
| ALLE (Allegion) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | -6.4% | +21.6% |
| 5-year return | +19.4% | +7.2% |
| Volatility (ann.) | 24.3% | 62.1% |
| Beta vs S&P 500 | 0.60 | -0.31 |
| Max drawdown (3Y) | -29.8% | -60.6% |
| Market cap | $13.6B | – |
| P/E (trailing) | 21.0 | 13.0 |
| Dividend yield | 1.32% | 1.02% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | MXC |
|---|---|---|
| 2022 | -19.3% | +33.0% |
| 2023 | +22.3% | -26.2% |
| 2024 | +4.7% | +24.6% |
| 2025 | +22.8% | -10.8% |
| 2026 | +1.1% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and MXC good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALLE and MXC?
The ALLE/MXC correlation stands at -0.21 on a 3-year window (1 year: -0.12, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is MXC a good diversifier for ALLE?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alle-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alle-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLE correlations · MXC correlations
