AMAL vs SUIG: Correlation
Measured on weekly returns over the past three years, Amalgamated Financial Corp. (AMAL) and Sui Group Holdings Limited (SUIG) 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 AMAL and SUIG?
Over the past 3 years, AMAL and SUIG moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1113.4 %².
Among the 11 assets we track against AMAL, SUIG sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months AMAL outperformed by 150.1 percentage points (+66.7% for AMAL against -83.4% for SUIG). Note the risk asymmetry: SUIG runs 5.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMAL vs SUIG: side by side
| AMAL (Amalgamated Financial Corp.) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | +66.7% | -83.4% |
| 5-year return | +247.4% | -88.3% |
| Volatility (ann.) | 32.0% | 162.1% |
| Beta vs S&P 500 | 0.84 | 1.61 |
| Max drawdown (3Y) | -32.8% | -89.2% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMAL | SUIG |
|---|---|---|
| 2022 | +39.8% | -75.1% |
| 2023 | +19.4% | +19.5% |
| 2024 | +26.3% | -20.3% |
| 2025 | -2.5% | -14.4% |
| 2026 | +53.6% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMAL and SUIG good diversifiers for each other?
Yes. With a correlation of -0.21, AMAL and SUIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMAL and SUIG?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.12 over the last year and -0.12 over 5 years.
Is SUIG a good diversifier for AMAL?
Yes. With a correlation of -0.21, AMAL and SUIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: AMAL correlations · SUIG correlations
