ANGH vs BURL: Correlation
Measured on weekly returns over the past three years, Anghami Inc. (ANGH) and Burlington Stores, Inc. (BURL) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGH and BURL?
Over the past 3 years, ANGH and BURL moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.38). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 1829.4 %².
By 3-year correlation, BURL places #4 of the 10 assets tracked against ANGH. Their 12-month results are close: +4.9% for ANGH against +3.5% for BURL. Note the risk asymmetry: ANGH runs 3.2 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.
ANGH vs BURL: side by side
| ANGH (Anghami Inc.) | BURL (Burlington Stores, Inc.) | |
|---|---|---|
| 1-year return | +4.9% | +3.5% |
| 5-year return | -96.5% | -3.9% |
| Volatility (ann.) | 124.2% | 38.7% |
| Beta vs S&P 500 | 0.72 | 0.87 |
| Max drawdown (3Y) | -92.7% | -28.4% |
| Market cap | – | $18.3B |
| P/E (trailing) | – | 32.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | BURL |
|---|---|---|
| 2022 | -84.3% | -30.4% |
| 2023 | -34.8% | -4.1% |
| 2024 | -20.8% | +46.6% |
| 2025 | -54.2% | +1.3% |
| 2026 | -6.1% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and BURL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANGH and BURL?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.24 over the last year and 0.29 over 5 years.
Is BURL a good diversifier for ANGH?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ANGH correlations · BURL correlations
