ANGH vs EHGO: Correlation
How closely do Anghami Inc. (ANGH) and Eshallgo Inc. - Class A (EHGO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGH and EHGO?
On 3 years of weekly data the ANGH/EHGO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.24 over 3. The 5-year figure is n/a, and annualized covariance runs at -2573.0 %².
EHGO is close to the least connected end of ANGH's tracked universe, ranking #9 of 10. The last year tells two different stories: ANGH led by 95.0 percentage points, +4.9% for ANGH against -90.1% for EHGO.
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 EHGO: side by side
| ANGH (Anghami Inc.) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | +4.9% | -90.1% |
| 5-year return | -96.5% | n/a |
| Volatility (ann.) | 124.2% | 127.9% |
| Beta vs S&P 500 | 0.72 | -1.42 |
| Max drawdown (3Y) | -92.7% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | EHGO |
|---|---|---|
| 2022 | -84.3% | – |
| 2023 | -34.8% | – |
| 2024 | -20.8% | – |
| 2025 | -54.2% | -94.4% |
| 2026 | -6.1% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and EHGO good diversifiers for each other?
Yes. With a correlation of -0.24, ANGH and EHGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANGH and EHGO?
The ANGH/EHGO correlation stands at -0.24 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EHGO a good diversifier for ANGH?
Yes. With a correlation of -0.24, ANGH and EHGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/angh-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/angh-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANGH correlations · EHGO correlations
