EGAN vs TMQ: Correlation
eGain Corporation (EGAN) and Trilogy Metals Inc. (TMQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGAN and TMQ?
Over the past 3 years, EGAN and TMQ moved with a correlation of 0.39, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.39). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 2566.6 %².
Among the 10 assets we track against EGAN, TMQ ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TMQ outperformed by 107.6 percentage points (+18.7% for EGAN against +126.3% for TMQ). One caveat on sizing: TMQ is 2.7 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.
EGAN vs TMQ: side by side
| EGAN (eGain Corporation) | TMQ (Trilogy Metals Inc.) | |
|---|---|---|
| 1-year return | +18.7% | +126.3% |
| 5-year return | -36.1% | +85.3% |
| Volatility (ann.) | 49.6% | 131.6% |
| Beta vs S&P 500 | 0.86 | 0.28 |
| Max drawdown (3Y) | -60.5% | -72.5% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGAN | TMQ |
|---|---|---|
| 2022 | -9.5% | -66.7% |
| 2023 | -7.8% | -21.8% |
| 2024 | -25.2% | +169.8% |
| 2025 | +65.2% | +271.6% |
| 2026 | -27.3% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGAN and TMQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EGAN and TMQ?
The EGAN/TMQ correlation stands at 0.39 on a 3-year window (1 year: 0.57, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TMQ a good diversifier for EGAN?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/egan-vs-tmq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/egan-vs-tmq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EGAN correlations · TMQ correlations
