ATGL vs MAIA: Correlation
Alpha Technology Group Limited - Class A (ATGL) and MAIA Biotechnology, Inc. (MAIA) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATGL and MAIA?
Over the past 3 years, ATGL and MAIA moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.21 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4762.2 %².
MAIA is close to the least connected end of ATGL's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with MAIA ahead by 59.6 points (-76.0% versus -16.4%). Note the risk asymmetry: ATGL runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ATGL vs MAIA: side by side
| ATGL (Alpha Technology Group Limited - Class A) | MAIA (MAIA Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | -76.0% | -16.4% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 253.1% | 90.7% |
| Beta vs S&P 500 | 0.71 | 1.35 |
| Max drawdown (3Y) | -95.9% | -82.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATGL | MAIA |
|---|---|---|
| 2023 | – | -66.7% |
| 2024 | +11.3% | +69.2% |
| 2025 | +48.0% | -22.7% |
| 2026 | -65.5% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATGL and MAIA good diversifiers for each other?
Yes. With a correlation of -0.21, ATGL and MAIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATGL and MAIA?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.08 over the last year and n/a over 5 years.
Is MAIA a good diversifier for ATGL?
Yes. With a correlation of -0.21, ATGL and MAIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atgl-vs-maia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atgl-vs-maia/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATGL correlations · MAIA correlations
