ENVA vs MHH: Correlation
Measured on weekly returns over the past three years, Enova International, Inc. (ENVA) and Mastech Digital, Inc (MHH) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVA and MHH?
On 3 years of weekly data the ENVA/MHH correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 722.3 %².
By 3-year correlation, MHH places #10 of the 16 assets tracked against ENVA. The last year tells two different stories: ENVA led by 101.1 percentage points, +98.1% for ENVA against -3.0% for MHH.
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.
ENVA vs MHH: side by side
| ENVA (Enova International, Inc.) | MHH (Mastech Digital, Inc) | |
|---|---|---|
| 1-year return | +98.1% | -3.0% |
| 5-year return | +622.4% | -56.7% |
| Volatility (ann.) | 40.6% | 46.7% |
| Beta vs S&P 500 | 1.27 | 0.80 |
| Max drawdown (3Y) | -30.0% | -65.6% |
| Market cap | $5.9B | $0.1B |
| P/E (trailing) | 17.6 | 43.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVA | MHH |
|---|---|---|
| 2022 | -6.3% | -35.5% |
| 2023 | +44.3% | -23.4% |
| 2024 | +73.2% | +76.7% |
| 2025 | +64.0% | -53.2% |
| 2026 | +51.0% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVA and MHH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENVA and MHH?
As of 2026-08-27, the correlation of weekly returns between ENVA and MHH is 0.38 over 3 years, 0.45 over 1 year and 0.29 over 5 years.
Is MHH a good diversifier for ENVA?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/enva-vs-mhh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enva-vs-mhh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENVA correlations · MHH correlations
