CRVL vs MAMO: Correlation
Measured on weekly returns over the past three years, CorVel Corp. (CRVL) and Massimo Group (MAMO) 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 CRVL and MAMO?
On 3 years of weekly data the CRVL/MAMO correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.37). The 5-year figure is n/a, and annualized covariance runs at 1125.1 %².
Within CRVL's tracked universe of 16 assets, MAMO comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRVL outperformed by 43.1 percentage points (-23.0% for CRVL against -66.1% for MAMO). Risk is not evenly split, since MAMO carries 2.6 times the volatility of the other side.
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.
CRVL vs MAMO: side by side
| CRVL (CorVel Corp.) | MAMO (Massimo Group) | |
|---|---|---|
| 1-year return | -23.0% | -66.1% |
| 5-year return | +27.9% | n/a |
| Volatility (ann.) | 34.0% | 87.3% |
| Beta vs S&P 500 | 0.68 | 0.53 |
| Max drawdown (3Y) | -64.2% | -83.6% |
| Market cap | $3.5B | – |
| P/E (trailing) | 31.3 | 10.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVL | MAMO |
|---|---|---|
| 2022 | -30.1% | – |
| 2023 | +70.1% | – |
| 2024 | +35.0% | – |
| 2025 | -39.2% | +54.9% |
| 2026 | +2.6% | -74.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVL and MAMO good diversifiers for each other?
Reasonably. At 0.37, CRVL and MAMO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRVL and MAMO?
As of 2026-08-27, the correlation of weekly returns between CRVL and MAMO is 0.37 over 3 years, 0.51 over 1 year and n/a over 5 years.
Is MAMO a good diversifier for CRVL?
Reasonably. At 0.37, CRVL and MAMO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/crvl-vs-mamo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crvl-vs-mamo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRVL correlations · MAMO correlations
