LGL vs MACI: Correlation
Measured on weekly returns over the past three years, LGL Group, Inc. (The) (LGL) and Melar Acquisition Corp. I - Class A (MACI) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGL and MACI?
Across a 3-year window, the weekly returns of LGL and MACI correlate at 0.30, moderate. Recent behaviour matches the longer record: 0.22 over 1 year against 0.30 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 20.0 %².
Few assets follow LGL as closely as MACI, which ranks #1 of 11 tracked partners. The trailing year gives LGL the advantage: +15.0% versus +4.4%, a 10.6-point spread. One caveat on sizing: LGL is 15.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LGL vs MACI: side by side
| LGL (LGL Group, Inc. (The)) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +15.0% | +4.4% |
| 5-year return | +78.3% | n/a |
| Volatility (ann.) | 32.1% | 2.1% |
| Beta vs S&P 500 | 0.18 | -0.03 |
| Max drawdown (3Y) | -27.2% | -2.0% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGL | MACI |
|---|---|---|
| 2022 | -5.8% | – |
| 2023 | +51.6% | – |
| 2024 | -2.8% | – |
| 2025 | -3.7% | +5.7% |
| 2026 | +28.2% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGL and MACI 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 LGL and MACI?
As of 2026-08-27, the correlation of weekly returns between LGL and MACI is 0.30 over 3 years, 0.22 over 1 year and n/a over 5 years.
Is MACI a good diversifier for LGL?
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?
On the −1 to +1 scale, 0.30 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/lgl-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lgl-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LGL correlations · MACI correlations
