CASY vs MACI: Correlation
Measured on weekly returns over the past three years, Casey's (CASY) and Melar Acquisition Corp. I - Class A (MACI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASY and MACI?
Across a 3-year window, the weekly returns of CASY and MACI correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -13.5 %².
By 3-year correlation, MACI places #24 of the 30 assets tracked against CASY. The last year tells two different stories: CASY led by 49.3 percentage points, +53.7% for CASY against +4.4% for MACI. Note the risk asymmetry: CASY runs 13.8 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.
CASY vs MACI: side by side
| CASY (Casey's) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +53.7% | +4.4% |
| 5-year return | +284.3% | n/a |
| Volatility (ann.) | 28.9% | 2.1% |
| Beta vs S&P 500 | 0.39 | -0.03 |
| Max drawdown (3Y) | -16.6% | -2.0% |
| Market cap | $28.2B | $0.2B |
| P/E (trailing) | 42.2 | 60.9 |
| Dividend yield | 0.28% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CASY | MACI |
|---|---|---|
| 2022 | +14.5% | – |
| 2023 | +23.3% | – |
| 2024 | +45.0% | – |
| 2025 | +40.1% | +5.7% |
| 2026 | +38.4% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASY and MACI good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CASY and MACI?
As of 2026-08-27, the correlation of weekly returns between CASY and MACI is -0.22 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is MACI a good diversifier for CASY?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/casy-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/casy-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CASY correlations · MACI correlations
