EGP vs PAPL: Correlation
Measured on weekly returns over the past three years, EastGroup Properties, Inc. (EGP) and Pineapple Financial Inc. (PAPL) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and PAPL?
On 3 years of weekly data the EGP/PAPL correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -867.5 %².
Among the 15 assets we track against EGP, PAPL sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months EGP outperformed by 93.3 percentage points (+22.6% for EGP against -70.7% for PAPL). Note the risk asymmetry: PAPL runs 9.4 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.
EGP vs PAPL: side by side
| EGP (EastGroup Properties, Inc.) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | +22.6% | -70.7% |
| 5-year return | +29.6% | n/a |
| Volatility (ann.) | 19.2% | 181.2% |
| Beta vs S&P 500 | 0.58 | -0.73 |
| Max drawdown (3Y) | -22.4% | -99.4% |
| Market cap | $10.8B | – |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 3.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGP | PAPL |
|---|---|---|
| 2022 | -33.1% | – |
| 2023 | +27.7% | – |
| 2024 | -9.8% | -74.7% |
| 2025 | +14.9% | -84.4% |
| 2026 | +14.1% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and PAPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between EGP and PAPL?
The EGP/PAPL correlation stands at -0.26 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAPL a good diversifier for EGP?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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: EGP correlations · PAPL correlations
