EME vs MLGO: Correlation
Emcor (EME) and MicroAlgo, Inc. (MLGO) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and MLGO?
Across a 3-year window, the weekly returns of EME and MLGO correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.00) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.17, with an annualized covariance of -3512.2 %².
Within EME's tracked universe of 34 assets, MLGO comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EME ahead by 77.4 points (+24.5% versus -52.9%). One caveat on sizing: MLGO is 14.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EME vs MLGO: side by side
| EME (Emcor) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | +24.5% | -52.9% |
| 5-year return | +540.3% | -100.0% |
| Volatility (ann.) | 34.9% | 489.7% |
| Beta vs S&P 500 | 1.31 | -2.77 |
| Max drawdown (3Y) | -36.2% | -100.0% |
| Market cap | $34.2B | – |
| P/E (trailing) | 23.8 | 1.9 |
| Dividend yield | 0.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EME | MLGO |
|---|---|---|
| 2022 | +16.8% | -87.6% |
| 2023 | +46.0% | -27.0% |
| 2024 | +111.3% | -97.9% |
| 2025 | +35.1% | -96.1% |
| 2026 | +26.9% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and MLGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between EME and MLGO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.00 over the last year and -0.17 over 5 years.
Is MLGO a good diversifier for EME?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eme-vs-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eme-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EME correlations · MLGO correlations
