ANGH vs DEC: Correlation
How closely do Anghami Inc. (ANGH) and Diversified Energy Company (DEC) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGH and DEC?
Over the past 3 years, ANGH and DEC moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.17) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is nan %².
Out of 10 assets tracked against ANGH, DEC lands near the bottom at #10. The trailing year gives ANGH the advantage: +4.9% versus -0.7%, a 5.6-point spread.
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 DEC: side by side
| ANGH (Anghami Inc.) | DEC (Diversified Energy Company) | |
|---|---|---|
| 1-year return | +4.9% | -0.7% |
| 5-year return | -96.5% | n/a |
| Volatility (ann.) | 124.2% | n/a |
| Beta vs S&P 500 | 0.72 | nan |
| Max drawdown (3Y) | -92.7% | -36.6% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 2.5 |
| Dividend yield | 0.00% | 7.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | DEC |
|---|---|---|
| 2022 | -84.3% | – |
| 2023 | -34.8% | +inf% |
| 2024 | -20.8% | +30.4% |
| 2025 | -54.2% | -4.7% |
| 2026 | -6.1% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and DEC good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANGH and DEC?
As of 2026-08-27, the correlation of weekly returns between ANGH and DEC is -0.26 over 3 years, 0.17 over 1 year and n/a over 5 years.
Is DEC a good diversifier for ANGH?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/angh-vs-dec.json
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[](https://www.pairbook.io/pair/angh-vs-dec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANGH correlations · DEC correlations
