ALP vs MACI: Correlation
Measured on weekly returns over the past three years, Alpha Compute Corp (ALP) and Melar Acquisition Corp. I - Class A (MACI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALP and MACI?
On 3 years of weekly data the ALP/MACI correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.05) runs above the 3-year figure (-0.23). The 5-year figure is n/a, and annualized covariance runs at -100.1 %².
Among the 10 assets we track against ALP, MACI sits near the bottom by co-movement, at rank #9. The last year tells two different stories: MACI led by 102.0 percentage points, -97.6% for ALP against +4.4% for MACI. One caveat on sizing: ALP is 92.9 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.
ALP vs MACI: side by side
| ALP (Alpha Compute Corp) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | -97.6% | +4.4% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 195.0% | 2.1% |
| Beta vs S&P 500 | 1.99 | -0.03 |
| Max drawdown (3Y) | -99.8% | -2.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALP | MACI |
|---|---|---|
| 2022 | -50.7% | – |
| 2023 | -65.6% | – |
| 2024 | -85.8% | – |
| 2025 | -88.4% | +5.7% |
| 2026 | -70.6% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALP and MACI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALP and MACI?
The ALP/MACI correlation stands at -0.23 on a 3-year window (1 year: 0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MACI a good diversifier for ALP?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/alp-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alp-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALP correlations · MACI correlations
