EGAN vs LGO: Correlation
Measured on weekly returns over the past three years, eGain Corporation (EGAN) and Largo Inc. (LGO) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGAN and LGO?
Across a 3-year window, the weekly returns of EGAN and LGO correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 1396.7 %².
Among the 10 assets we track against EGAN, LGO ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EGAN outperformed by 69.9 percentage points (+18.7% for EGAN against -51.2% for LGO).
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.
EGAN vs LGO: side by side
| EGAN (eGain Corporation) | LGO (Largo Inc.) | |
|---|---|---|
| 1-year return | +18.7% | -51.2% |
| 5-year return | -36.1% | -94.6% |
| Volatility (ann.) | 49.6% | 72.9% |
| Beta vs S&P 500 | 0.86 | 0.94 |
| Max drawdown (3Y) | -60.5% | -83.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGAN | LGO |
|---|---|---|
| 2022 | -9.5% | -41.9% |
| 2023 | -7.8% | -57.1% |
| 2024 | -25.2% | -25.5% |
| 2025 | +65.2% | -45.3% |
| 2026 | -27.3% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGAN and LGO good diversifiers for each other?
Reasonably. At 0.39, EGAN and LGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EGAN and LGO?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.33 over the last year and 0.28 over 5 years.
Is LGO a good diversifier for EGAN?
Reasonably. At 0.39, EGAN and LGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EGAN correlations · LGO correlations
