MACI vs SLI: Correlation
How closely do Melar Acquisition Corp. I - Class A (MACI) and Standard Lithium Ltd. (SLI) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and SLI?
Across a 3-year window, the weekly returns of MACI and SLI correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.22 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -35.3 %².
Among the 71 assets we track against MACI, SLI ranks #53 by 3-year correlation. The last year tells two different stories: MACI led by 15.2 percentage points, +4.4% for MACI against -10.8% for SLI. Risk is not evenly split, since SLI carries 36.7 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.
MACI vs SLI: side by side
| MACI (Melar Acquisition Corp. I - Class A) | SLI (Standard Lithium Ltd.) | |
|---|---|---|
| 1-year return | +4.4% | -10.8% |
| 5-year return | n/a | -51.8% |
| Volatility (ann.) | 2.1% | 77.0% |
| Beta vs S&P 500 | -0.03 | 1.21 |
| Max drawdown (3Y) | -2.0% | -69.9% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MACI | SLI |
|---|---|---|
| 2022 | – | -69.9% |
| 2023 | – | -31.5% |
| 2024 | – | -27.7% |
| 2025 | +5.7% | +206.2% |
| 2026 | +3.1% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and SLI good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between MACI and SLI?
As of 2026-08-27, the correlation of weekly returns between MACI and SLI is -0.22 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is SLI a good diversifier for MACI?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: MACI correlations · SLI correlations
