DOX vs MAMO: Correlation
Measured on weekly returns over the past three years, Amdocs Limited (DOX) and Massimo Group (MAMO) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and MAMO?
Over the past 3 years, DOX and MAMO moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 702.6 %².
Within DOX's tracked universe of 22 assets, MAMO comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DOX ahead by 40.5 points (-25.6% versus -66.1%). One caveat on sizing: MAMO is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DOX vs MAMO: side by side
| DOX (Amdocs Limited) | MAMO (Massimo Group) | |
|---|---|---|
| 1-year return | -25.6% | -66.1% |
| 5-year return | -8.4% | n/a |
| Volatility (ann.) | 21.3% | 87.3% |
| Beta vs S&P 500 | 0.54 | 0.53 |
| Max drawdown (3Y) | -45.5% | -83.6% |
| Market cap | $6.5B | – |
| P/E (trailing) | 14.8 | 10.0 |
| Dividend yield | 3.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOX | MAMO |
|---|---|---|
| 2022 | +23.8% | – |
| 2023 | -1.4% | – |
| 2024 | -0.9% | – |
| 2025 | -3.1% | +54.9% |
| 2026 | -20.6% | -74.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and MAMO good diversifiers for each other?
Reasonably. At 0.36, DOX and MAMO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DOX and MAMO?
The DOX/MAMO correlation stands at 0.36 on a 3-year window (1 year: 0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MAMO a good diversifier for DOX?
Reasonably. At 0.36, DOX and MAMO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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
$ curl https://www.pairbook.io/api/v1/pairs/dox-vs-mamo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dox-vs-mamo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOX correlations · MAMO correlations
