MAMO vs PBF: Correlation
Measured on weekly returns over the past three years, Massimo Group (MAMO) and PBF Energy Inc. (PBF) 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 PBF?
Across a 3-year window, the weekly returns of MAMO and PBF correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1148.4 %².
Among the 23 assets we track against MAMO, PBF ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PBF ahead by 233.1 points (-66.1% versus +167.0%).
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 PBF: side by side
| MAMO (Massimo Group) | PBF (PBF Energy Inc.) | |
|---|---|---|
| 1-year return | -66.1% | +167.0% |
| 5-year return | n/a | +642.1% |
| Volatility (ann.) | 87.3% | 58.6% |
| Beta vs S&P 500 | 0.53 | 0.47 |
| Max drawdown (3Y) | -83.6% | -76.0% |
| Market cap | – | $8.1B |
| P/E (trailing) | 10.0 | 6.1 |
| Dividend yield | 0.00% | 1.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAMO | PBF |
|---|---|---|
| 2022 | – | +215.8% |
| 2023 | – | +10.0% |
| 2024 | – | -38.0% |
| 2025 | +54.9% | +6.8% |
| 2026 | -74.9% | +157.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and PBF good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MAMO and PBF?
The MAMO/PBF correlation stands at -0.21 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PBF a good diversifier for MAMO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
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Related comparisons
Hubs: MAMO correlations · PBF correlations
