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DOMH vs MPAA: Correlation

How closely do Dominari Holdings Inc. (DOMH) and Motorcar Parts of America, Inc. (MPAA) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.47
moderate
Correlation (1Y)
0.23
last 12 months
Correlation (5Y)
0.39
long-run
Ann. covariance
5909.0
%² · weekly, annualized

How correlated are DOMH and MPAA?

Across a 3-year window, the weekly returns of DOMH and MPAA correlate at 0.47, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.47). Stretching to 5 years gives 0.39, with an annualized covariance of 5909.0 %².

Within DOMH's tracked universe of 23 assets, MPAA comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MPAA outperformed by 28.7 percentage points (-52.3% for DOMH against -23.6% for MPAA). Risk is not evenly split, since DOMH 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.

DOMH vs MPAA: side by side

DOMH (Dominari Holdings Inc.)MPAA (Motorcar Parts of America, Inc.)
1-year return-52.3%-23.6%
5-year return-76.1%-42.5%
Volatility (ann.)181.7%69.6%
Beta vs S&P 5002.301.42
Max drawdown (3Y)-77.9%-53.3%
Market cap$0.1B$0.2B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: MPAA -53.3% vs -77.9%Higher 5y return: MPAA -42.5% vs -76.1%
-50%0%+25%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. DOMH · MPAA

Year-by-year returns

YearDOMHMPAA
2022-67.3%-30.5%
2023-21.0%-21.2%
2024-62.2%-18.6%
2025+445.6%+62.4%
2026-40.0%-7.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are DOMH and MPAA good diversifiers for each other?

Reasonably. At 0.47, DOMH and MPAA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between DOMH and MPAA?

The DOMH/MPAA correlation stands at 0.47 on a 3-year window (1 year: 0.23, 5 years: 0.39), computed from weekly returns as of 2026-08-27.

Is MPAA a good diversifier for DOMH?

Reasonably. At 0.47, DOMH and MPAA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

What does a correlation of 0.47 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

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DOMH vs MPAA: 3-year weekly correlation 0.47DOMH vs MPAA0.47

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Related comparisons

Hubs: DOMH correlations · MPAA correlations