ASST vs MG: Correlation
How closely do Strive, Inc. (ASST) and Mistras Group Inc (MG) 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 ASST and MG?
Across a 3-year window, the weekly returns of ASST and MG correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.24). Stretching to 5 years gives n/a, with an annualized covariance of -6903.6 %².
By 3-year correlation, MG places #30 of the 58 assets tracked against ASST. The last year tells two different stories: MG led by 180.1 percentage points, -80.4% for ASST against +99.7% for MG. One caveat on sizing: ASST is 18.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASST vs MG: side by side
| ASST (Strive, Inc.) | MG (Mistras Group Inc) | |
|---|---|---|
| 1-year return | -80.4% | +99.7% |
| 5-year return | n/a | +87.3% |
| Volatility (ann.) | 723.1% | 39.7% |
| Beta vs S&P 500 | -1.01 | 0.84 |
| Max drawdown (3Y) | -97.2% | -40.8% |
| Market cap | $2.1B | $0.6B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | MG |
|---|---|---|
| 2022 | – | -33.6% |
| 2023 | – | +48.5% |
| 2024 | -84.6% | +23.8% |
| 2025 | +50.3% | +39.6% |
| 2026 | +56.6% | +52.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and MG good diversifiers for each other?
Yes. With a correlation of -0.24, ASST and MG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASST and MG?
The ASST/MG correlation stands at -0.24 on a 3-year window (1 year: 0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MG a good diversifier for ASST?
Yes. With a correlation of -0.24, ASST and MG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/asst-vs-mg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asst-vs-mg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASST correlations · MG correlations
