EGAN vs WHLR: Correlation
Measured on weekly returns over the past three years, eGain Corporation (EGAN) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGAN and WHLR?
Over the past 3 years, EGAN and WHLR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.23). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -6225.5 %².
Out of 10 assets tracked against EGAN, WHLR lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months EGAN outperformed by 118.7 percentage points (+18.7% for EGAN against -100.0% for WHLR). Note the risk asymmetry: WHLR runs 11.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WHLR: side by side
| EGAN (eGain Corporation) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +18.7% | -100.0% |
| 5-year return | -36.1% | -100.0% |
| Volatility (ann.) | 49.6% | 545.0% |
| Beta vs S&P 500 | 0.86 | -5.84 |
| Max drawdown (3Y) | -60.5% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 5.3 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGAN | WHLR |
|---|---|---|
| 2022 | -9.5% | -28.0% |
| 2023 | -7.8% | -98.4% |
| 2024 | -25.2% | -98.4% |
| 2025 | +65.2% | -100.0% |
| 2026 | -27.3% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGAN and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between EGAN and WHLR?
As of 2026-08-27, the correlation of weekly returns between EGAN and WHLR is -0.23 over 3 years, -0.02 over 1 year and -0.18 over 5 years.
Is WHLR a good diversifier for EGAN?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/egan-vs-whlr.json
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Related comparisons
Hubs: EGAN correlations · WHLR correlations
