APOG vs MAMA: Correlation
How closely do Apogee Enterprises, Inc. (APOG) and Mama's Creations, Inc. (MAMA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and MAMA?
Across a 3-year window, the weekly returns of APOG and MAMA correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 714.1 %².
Within APOG's tracked universe of 15 assets, MAMA comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MAMA ahead by 93.1 points (-5.7% versus +87.4%).
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.
APOG vs MAMA: side by side
| APOG (Apogee Enterprises, Inc.) | MAMA (Mama's Creations, Inc.) | |
|---|---|---|
| 1-year return | -5.7% | +87.4% |
| 5-year return | +5.1% | +535.7% |
| Volatility (ann.) | 41.4% | 49.3% |
| Beta vs S&P 500 | 0.88 | 0.49 |
| Max drawdown (3Y) | -62.5% | -42.5% |
| Market cap | $0.8B | $0.7B |
| P/E (trailing) | 12.7 | 106.8 |
| Dividend yield | 2.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APOG | MAMA |
|---|---|---|
| 2022 | -5.7% | -10.7% |
| 2023 | +22.8% | +173.5% |
| 2024 | +35.8% | +62.1% |
| 2025 | -47.8% | +69.5% |
| 2026 | +14.0% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and MAMA good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APOG and MAMA?
The APOG/MAMA correlation stands at 0.35 on a 3-year window (1 year: 0.29, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is MAMA a good diversifier for APOG?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/apog-vs-mama.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apog-vs-mama/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APOG correlations · MAMA correlations
