AREC vs MSGM: Correlation
American Resources Corporation (AREC) and Motorsport Games Inc. (MSGM) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREC and MSGM?
Across a 3-year window, the weekly returns of AREC and MSGM correlate at 0.62, strong. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.62). Stretching to 5 years gives 0.30, with an annualized covariance of 13913.5 %².
MSGM is one of the assets that tracks AREC most closely: it ranks #1 out of the 16 assets we track against AREC. The last year tells two different stories: MSGM led by 15.7 percentage points, +18.3% for AREC against +34.0% for MSGM.
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.
AREC vs MSGM: side by side
| AREC (American Resources Corporation) | MSGM (Motorsport Games Inc.) | |
|---|---|---|
| 1-year return | +18.3% | +34.0% |
| 5-year return | +18.9% | -96.2% |
| Volatility (ann.) | 141.0% | 159.9% |
| Beta vs S&P 500 | 1.27 | -0.11 |
| Max drawdown (3Y) | -78.1% | -81.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AREC | MSGM |
|---|---|---|
| 2022 | -26.7% | -87.8% |
| 2023 | +12.9% | -25.5% |
| 2024 | -32.2% | -56.6% |
| 2025 | +145.5% | +136.6% |
| 2026 | +4.0% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREC and MSGM good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AREC and MSGM?
As of 2026-08-27, the correlation of weekly returns between AREC and MSGM is 0.62 over 3 years, 0.12 over 1 year and 0.30 over 5 years.
Is MSGM a good diversifier for AREC?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/arec-vs-msgm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arec-vs-msgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AREC correlations · MSGM correlations
