CPOP vs MGIH: Correlation
Measured on weekly returns over the past three years, Pop Culture Group Co., Ltd - Class A (CPOP) and Millennium Group International Holdings Limited (MGIH) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPOP and MGIH?
Over the past 3 years, CPOP and MGIH moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.37 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4858.3 %².
Among the 16 assets we track against CPOP, MGIH ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MGIH ahead by 83.2 points (-97.0% versus -13.8%).
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.
CPOP vs MGIH: side by side
| CPOP (Pop Culture Group Co., Ltd - Class A) | MGIH (Millennium Group International Holdings Limited) | |
|---|---|---|
| 1-year return | -97.0% | -13.8% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 129.2% | 100.5% |
| Beta vs S&P 500 | 0.69 | 0.32 |
| Max drawdown (3Y) | -99.6% | -60.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPOP | MGIH |
|---|---|---|
| 2022 | -78.5% | – |
| 2023 | -86.3% | – |
| 2024 | +9.3% | +21.8% |
| 2025 | -64.1% | -17.9% |
| 2026 | -91.6% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPOP and MGIH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPOP and MGIH?
The CPOP/MGIH correlation stands at 0.37 on a 3-year window (1 year: 0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MGIH a good diversifier for CPOP?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CPOP correlations · MGIH correlations
