EJH vs MYE: Correlation
How closely do E-Home Household Service Holdings Limited (EJH) and Myers Industries, Inc. (MYE) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EJH and MYE?
Over the past 3 years, EJH and MYE moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.29 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -1902.2 %².
Among the 38 assets we track against EJH, MYE ranks #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MYE outperformed by 197.9 percentage points (-96.0% for EJH against +101.9% for MYE). Note the risk asymmetry: EJH runs 4.3 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.
EJH vs MYE: side by side
| EJH (E-Home Household Service Holdings Limited) | MYE (Myers Industries, Inc.) | |
|---|---|---|
| 1-year return | -96.0% | +101.9% |
| 5-year return | -100.0% | +70.0% |
| Volatility (ann.) | 167.4% | 39.3% |
| Beta vs S&P 500 | -1.07 | 0.73 |
| Max drawdown (3Y) | -100.0% | -59.0% |
| Market cap | – | $1.3B |
| P/E (trailing) | 0.0 | 24.8 |
| Dividend yield | 0.00% | 1.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EJH | MYE |
|---|---|---|
| 2022 | -98.5% | +14.0% |
| 2023 | -90.7% | -9.5% |
| 2024 | -99.7% | -41.4% |
| 2025 | -97.6% | +75.7% |
| 2026 | -93.1% | +79.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EJH and MYE good diversifiers for each other?
Yes. With a correlation of -0.29, EJH and MYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EJH and MYE?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.14 over the last year and -0.20 over 5 years.
Is MYE a good diversifier for EJH?
Yes. With a correlation of -0.29, EJH and MYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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.
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Related comparisons
Hubs: EJH correlations · MYE correlations
