AMAT vs MACI: Correlation
How closely do Applied Materials (AMAT) and Melar Acquisition Corp. I - Class A (MACI) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMAT and MACI?
On 3 years of weekly data the AMAT/MACI correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -18.7 %².
Out of 34 assets tracked against AMAT, MACI lands near the bottom at #30. Their recent paths diverged sharply: over the last 12 months AMAT outperformed by 190.6 percentage points (+195.0% for AMAT against +4.4% for MACI). Risk is not evenly split, since AMAT carries 20.7 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.
AMAT vs MACI: side by side
| AMAT (Applied Materials) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +195.0% | +4.4% |
| 5-year return | +269.5% | n/a |
| Volatility (ann.) | 43.5% | 2.1% |
| Beta vs S&P 500 | 1.69 | -0.03 |
| Max drawdown (3Y) | -49.9% | -2.0% |
| Market cap | $382.8B | $0.2B |
| P/E (trailing) | 41.3 | 60.9 |
| Dividend yield | 0.41% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AMAT | MACI |
|---|---|---|
| 2022 | -37.5% | – |
| 2023 | +68.0% | – |
| 2024 | +1.1% | – |
| 2025 | +59.6% | +5.7% |
| 2026 | +88.4% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMAT and MACI good diversifiers for each other?
Yes. With a correlation of -0.19, AMAT and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMAT and MACI?
As of 2026-08-27, the correlation of weekly returns between AMAT and MACI is -0.19 over 3 years, -0.18 over 1 year and n/a over 5 years.
Is MACI a good diversifier for AMAT?
Yes. With a correlation of -0.19, AMAT and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/amat-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amat-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMAT correlations · MACI correlations
