EHGO vs MSTR: Correlation
Eshallgo Inc. - Class A (EHGO) and Strategy Inc (MSTR) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and MSTR?
Over the past 3 years, EHGO and MSTR moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3437.5 %².
MSTR is close to the least connected end of EHGO's tracked universe, ranking #65 of 66. The last year tells two different stories: MSTR led by 30.3 percentage points, -90.1% for EHGO against -59.8% for MSTR.
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.
EHGO vs MSTR: side by side
| EHGO (Eshallgo Inc. - Class A) | MSTR (Strategy Inc) | |
|---|---|---|
| 1-year return | -90.1% | -59.8% |
| 5-year return | n/a | +95.5% |
| Volatility (ann.) | 127.9% | 87.2% |
| Beta vs S&P 500 | -1.42 | 1.49 |
| Max drawdown (3Y) | -98.5% | -82.6% |
| Market cap | – | $54.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | MSTR |
|---|---|---|
| 2022 | – | -74.0% |
| 2023 | – | +346.2% |
| 2024 | – | +358.5% |
| 2025 | -94.4% | -47.5% |
| 2026 | -65.9% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and MSTR good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and MSTR?
As of 2026-08-27, the correlation of weekly returns between EHGO and MSTR is -0.35 over 3 years, -0.50 over 1 year and n/a over 5 years.
Is MSTR a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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/ehgo-vs-mstr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ehgo-vs-mstr/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: EHGO correlations · MSTR correlations
