ELPW vs MNRO: Correlation
Measured on weekly returns over the past three years, Elong Power Holding Limited - Class A (ELPW) and Monro, Inc. (MNRO) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and MNRO?
On 3 years of weekly data the ELPW/MNRO correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.33). The 5-year figure is n/a, and annualized covariance runs at -54606.5 %².
MNRO is close to the least connected end of ELPW's tracked universe, ranking #28 of 30. Correlation aside, the last 12 months split them widely, with MNRO ahead by 75.3 points (-99.0% versus -23.7%). Risk is not evenly split, since ELPW carries 66.7 times the volatility of the other side.
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.
ELPW vs MNRO: side by side
| ELPW (Elong Power Holding Limited - Class A) | MNRO (Monro, Inc.) | |
|---|---|---|
| 1-year return | -99.0% | -23.7% |
| 5-year return | n/a | -73.0% |
| Volatility (ann.) | 3332.8% | 50.0% |
| Beta vs S&P 500 | 3.98 | 0.93 |
| Max drawdown (3Y) | -100.0% | -61.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 53.3 |
| Dividend yield | 0.00% | 8.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELPW | MNRO |
|---|---|---|
| 2022 | – | -20.6% |
| 2023 | – | -33.1% |
| 2024 | -87.5% | -12.0% |
| 2025 | -91.4% | -13.8% |
| 2026 | -97.4% | -35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and MNRO good diversifiers for each other?
Yes. With a correlation of -0.33, ELPW and MNRO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ELPW and MNRO?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.46 over the last year and n/a over 5 years.
Is MNRO a good diversifier for ELPW?
Yes. With a correlation of -0.33, ELPW and MNRO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/elpw-vs-mnro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elpw-vs-mnro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELPW correlations · MNRO correlations
