CTO vs MEGL: Correlation
Measured on weekly returns over the past three years, CTO Realty Growth, Inc. (CTO) and Magic Empire Global Limited - Class A (MEGL) 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 CTO and MEGL?
On 3 years of weekly data the CTO/MEGL correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.22). The 5-year figure is -0.12, and annualized covariance runs at -674.9 %².
Among the 12 assets we track against CTO, MEGL sits near the bottom by co-movement, at rank #10. The last year tells two different stories: CTO led by 52.5 percentage points, +35.8% for CTO against -16.7% for MEGL. Risk is not evenly split, since MEGL carries 9.5 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.
CTO vs MEGL: side by side
| CTO (CTO Realty Growth, Inc.) | MEGL (Magic Empire Global Limited - Class A) | |
|---|---|---|
| 1-year return | +35.8% | -16.7% |
| 5-year return | +74.0% | n/a |
| Volatility (ann.) | 18.0% | 170.2% |
| Beta vs S&P 500 | 0.39 | -0.70 |
| Max drawdown (3Y) | -21.4% | -68.7% |
| Market cap | $0.8B | – |
| P/E (trailing) | 15.8 | – |
| Dividend yield | 7.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTO | MEGL |
|---|---|---|
| 2022 | -4.0% | – |
| 2023 | +3.7% | -7.3% |
| 2024 | +23.6% | -54.4% |
| 2025 | +1.6% | +117.6% |
| 2026 | +21.0% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTO and MEGL 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 CTO and MEGL?
As of 2026-08-27, the correlation of weekly returns between CTO and MEGL is -0.22 over 3 years, -0.05 over 1 year and -0.12 over 5 years.
Is MEGL a good diversifier for CTO?
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?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cto-vs-megl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cto-vs-megl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTO correlations · MEGL correlations
