JMSB vs MEGL: Correlation
Measured on weekly returns over the past three years, John Marshall Bancorp, Inc. (JMSB) and Magic Empire Global Limited - Class A (MEGL) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JMSB and MEGL?
On 3 years of weekly data the JMSB/MEGL correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.22). The 5-year figure is -0.13, and annualized covariance runs at -1199.5 %².
Out of 10 assets tracked against JMSB, MEGL lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months JMSB outperformed by 30.5 percentage points (+13.8% for JMSB against -16.7% for MEGL). Risk is not evenly split, since MEGL carries 5.4 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.
JMSB vs MEGL: side by side
| JMSB (John Marshall Bancorp, Inc.) | MEGL (Magic Empire Global Limited - Class A) | |
|---|---|---|
| 1-year return | +13.8% | -16.7% |
| 5-year return | +32.1% | n/a |
| Volatility (ann.) | 31.7% | 170.2% |
| Beta vs S&P 500 | 0.65 | -0.70 |
| Max drawdown (3Y) | -45.4% | -68.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JMSB | MEGL |
|---|---|---|
| 2022 | +45.8% | – |
| 2023 | -20.8% | -7.3% |
| 2024 | -9.7% | -54.4% |
| 2025 | +1.2% | +117.6% |
| 2026 | +14.5% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JMSB and MEGL good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JMSB and MEGL?
The JMSB/MEGL correlation stands at -0.22 on a 3-year window (1 year: -0.07, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is MEGL a good diversifier for JMSB?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/jmsb-vs-megl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jmsb-vs-megl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JMSB correlations · MEGL correlations
