DWSN vs MACI: Correlation
Dawson Geophysical Company (DWSN) and Melar Acquisition Corp. I - Class A (MACI) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWSN and MACI?
Over the past 3 years, DWSN and MACI moved with a correlation of 0.28, which is weak. The past 12 months show a weaker link (0.18) than the 3-year average (0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 54.2 %².
By 3-year correlation, MACI places #7 of the 17 assets tracked against DWSN. Their recent paths diverged sharply: over the last 12 months DWSN outperformed by 89.1 percentage points (+93.5% for DWSN against +4.4% for MACI). One caveat on sizing: DWSN is 41.3 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.
DWSN vs MACI: side by side
| DWSN (Dawson Geophysical Company) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +93.5% | +4.4% |
| 5-year return | +93.2% | n/a |
| Volatility (ann.) | 86.8% | 2.1% |
| Beta vs S&P 500 | -0.14 | -0.03 |
| Max drawdown (3Y) | -64.3% | -2.0% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 27.1 | 60.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWSN | MACI |
|---|---|---|
| 2022 | -15.5% | – |
| 2023 | -6.6% | – |
| 2024 | -14.2% | – |
| 2025 | +16.4% | +5.7% |
| 2026 | +108.3% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWSN and MACI good diversifiers for each other?
Reasonably. At 0.28, DWSN and MACI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DWSN and MACI?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.18 over the last year and n/a over 5 years.
Is MACI a good diversifier for DWSN?
Reasonably. At 0.28, DWSN and MACI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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/dwsn-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dwsn-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DWSN correlations · MACI correlations
