ATOM vs MAYS: Correlation
How closely do Atomera Incorporated (ATOM) and J. W. Mays, Inc. (MAYS) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATOM and MAYS?
Across a 3-year window, the weekly returns of ATOM and MAYS correlate at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.38 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of 1489.6 %².
MAYS is one of the assets that tracks ATOM most closely: it ranks #2 out of the 12 assets we track against ATOM. Their recent paths diverged sharply: over the last 12 months ATOM outperformed by 19.0 percentage points (+31.9% for ATOM against +12.9% for MAYS). Note the risk asymmetry: ATOM runs 3.5 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.
ATOM vs MAYS: side by side
| ATOM (Atomera Incorporated) | MAYS (J. W. Mays, Inc.) | |
|---|---|---|
| 1-year return | +31.9% | +12.9% |
| 5-year return | -81.4% | +34.4% |
| Volatility (ann.) | 117.4% | 33.2% |
| Beta vs S&P 500 | 1.78 | 0.03 |
| Max drawdown (3Y) | -88.0% | -30.9% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATOM | MAYS |
|---|---|---|
| 2022 | -69.1% | +18.4% |
| 2023 | +12.7% | -12.7% |
| 2024 | +65.5% | +4.8% |
| 2025 | -80.9% | -9.2% |
| 2026 | +102.3% | +5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATOM and MAYS good diversifiers for each other?
Reasonably. At 0.38, ATOM and MAYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATOM and MAYS?
As of 2026-08-27, the correlation of weekly returns between ATOM and MAYS is 0.38 over 3 years, 0.56 over 1 year and 0.22 over 5 years.
Is MAYS a good diversifier for ATOM?
Reasonably. At 0.38, ATOM and MAYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/atom-vs-mays.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atom-vs-mays/)
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Related comparisons
Hubs: ATOM correlations · MAYS correlations
