CIRC vs MWG: Correlation
Circle8 Group, Inc. (CIRC) and Multi Ways Holdings Limited Class A (MWG) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIRC and MWG?
On 3 years of weekly data the CIRC/MWG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.22 over 3. The 5-year figure is n/a, and annualized covariance runs at -3954.7 %².
Out of 14 assets tracked against CIRC, MWG lands near the bottom at #11. The last year tells two different stories: MWG led by 36.9 percentage points, -83.5% for CIRC against -46.6% for MWG. Note the risk asymmetry: CIRC runs 2.4 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.
CIRC vs MWG: side by side
| CIRC (Circle8 Group, Inc.) | MWG (Multi Ways Holdings Limited Class A) | |
|---|---|---|
| 1-year return | -83.5% | -46.6% |
| 5-year return | -99.7% | n/a |
| Volatility (ann.) | 207.6% | 87.1% |
| Beta vs S&P 500 | -0.24 | 0.47 |
| Max drawdown (3Y) | -98.0% | -81.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIRC | MWG |
|---|---|---|
| 2022 | -84.4% | – |
| 2023 | -64.5% | – |
| 2024 | +18.2% | +26.2% |
| 2025 | -72.7% | -6.3% |
| 2026 | -46.8% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIRC and MWG good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CIRC and MWG?
As of 2026-08-27, the correlation of weekly returns between CIRC and MWG is -0.22 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is MWG a good diversifier for CIRC?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/circ-vs-mwg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/circ-vs-mwg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIRC correlations · MWG correlations
