MAMO vs METCB: Correlation
Measured on weekly returns over the past three years, Massimo Group (MAMO) and Ramaco Resources, Inc. (METCB) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMO and METCB?
Across a 3-year window, the weekly returns of MAMO and METCB correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -1126.3 %².
By 3-year correlation, METCB places #12 of the 23 assets tracked against MAMO. The trailing year gives METCB the advantage: -66.1% versus -53.0%, a 13.1-point spread.
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.
MAMO vs METCB: side by side
| MAMO (Massimo Group) | METCB (Ramaco Resources, Inc.) | |
|---|---|---|
| 1-year return | -66.1% | -53.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 87.3% | 59.3% |
| Beta vs S&P 500 | 0.53 | 0.57 |
| Max drawdown (3Y) | -83.6% | -71.4% |
| Market cap | – | $0.5B |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAMO | METCB |
|---|---|---|
| 2024 | – | -17.4% |
| 2025 | +54.9% | +25.9% |
| 2026 | -74.9% | -34.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and METCB good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between MAMO and METCB?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.34 over the last year and n/a over 5 years.
Is METCB a good diversifier for MAMO?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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: MAMO correlations · METCB correlations
