FKWL vs MPAA: Correlation
Franklin Wireless Corp. (FKWL) and Motorcar Parts of America, Inc. (MPAA) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FKWL and MPAA?
On 3 years of weekly data the FKWL/MPAA correlation comes out at 0.30, moderate. The link has loosened recently: the 1-year correlation (-0.03) runs below the 3-year figure (0.30). The 5-year figure is 0.25, and annualized covariance runs at 713.0 %².
By 3-year correlation, MPAA places #5 of the 11 assets tracked against FKWL. Their recent paths diverged sharply: over the last 12 months MPAA outperformed by 17.8 percentage points (-41.4% for FKWL against -23.6% for MPAA). Risk is not evenly split, since MPAA carries 2.1 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.
FKWL vs MPAA: side by side
| FKWL (Franklin Wireless Corp.) | MPAA (Motorcar Parts of America, Inc.) | |
|---|---|---|
| 1-year return | -41.4% | -23.6% |
| 5-year return | -69.6% | -42.5% |
| Volatility (ann.) | 33.9% | 69.6% |
| Beta vs S&P 500 | 0.02 | 1.42 |
| Max drawdown (3Y) | -67.3% | -53.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FKWL | MPAA |
|---|---|---|
| 2022 | +2.1% | -30.5% |
| 2023 | -24.0% | -21.2% |
| 2024 | +44.5% | -18.6% |
| 2025 | -10.1% | +62.4% |
| 2026 | -43.7% | -7.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FKWL and MPAA good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FKWL and MPAA?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.03 over the last year and 0.25 over 5 years.
Is MPAA a good diversifier for FKWL?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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/fkwl-vs-mpaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fkwl-vs-mpaa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FKWL correlations · MPAA correlations
