EZGO vs WALD: Correlation
Measured on weekly returns over the past three years, EZGO Technologies Ltd. (EZGO) and Waldencast plc - Class A (WALD) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZGO and WALD?
Across a 3-year window, the weekly returns of EZGO and WALD correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.57) runs below the 3-year figure (-0.26). Stretching to 5 years gives -0.22, with an annualized covariance of -2939.6 %².
WALD is close to the least connected end of EZGO's tracked universe, ranking #9 of 12. The last year tells two different stories: WALD led by 83.9 percentage points, -99.9% for EZGO against -16.0% for WALD.
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.
EZGO vs WALD: side by side
| EZGO (EZGO Technologies Ltd.) | WALD (Waldencast plc - Class A) | |
|---|---|---|
| 1-year return | -99.9% | -16.0% |
| 5-year return | -100.0% | -86.1% |
| Volatility (ann.) | 118.7% | 95.0% |
| Beta vs S&P 500 | 1.16 | 0.48 |
| Max drawdown (3Y) | -100.0% | -93.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZGO | WALD |
|---|---|---|
| 2022 | -55.2% | -8.8% |
| 2023 | -82.8% | +20.6% |
| 2024 | -82.2% | -63.3% |
| 2025 | -90.3% | -53.2% |
| 2026 | -99.7% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZGO and WALD good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between EZGO and WALD?
The EZGO/WALD correlation stands at -0.26 on a 3-year window (1 year: -0.57, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is WALD a good diversifier for EZGO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/ezgo-vs-wald.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ezgo-vs-wald/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EZGO correlations · WALD correlations
