HIND vs MEGL: Correlation
Vyome Holdings, Inc. (HIND) and Magic Empire Global Limited - Class A (MEGL) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIND and MEGL?
Across a 3-year window, the weekly returns of HIND and MEGL correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.31 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -5588.2 %².
Among the 12 assets we track against HIND, MEGL sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with MEGL ahead by 62.5 points (-79.2% versus -16.7%). Note the risk asymmetry: MEGL runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HIND vs MEGL: side by side
| HIND (Vyome Holdings, Inc.) | MEGL (Magic Empire Global Limited - Class A) | |
|---|---|---|
| 1-year return | -79.2% | -16.7% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 107.5% | 170.2% |
| Beta vs S&P 500 | 1.58 | -0.70 |
| Max drawdown (3Y) | -100.0% | -68.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIND | MEGL |
|---|---|---|
| 2022 | -91.8% | – |
| 2023 | -96.3% | -7.3% |
| 2024 | -69.2% | -54.4% |
| 2025 | -99.2% | +117.6% |
| 2026 | -35.8% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIND and MEGL good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HIND and MEGL?
As of 2026-08-27, the correlation of weekly returns between HIND and MEGL is -0.31 over 3 years, -0.12 over 1 year and -0.16 over 5 years.
Is MEGL a good diversifier for HIND?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hind-vs-megl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hind-vs-megl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HIND correlations · MEGL correlations
