MAMO vs PINE: Correlation
Measured on weekly returns over the past three years, Massimo Group (MAMO) and Alpine Income Property Trust, Inc. (PINE) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMO and PINE?
Over the past 3 years, MAMO and PINE moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -511.7 %².
PINE is close to the least connected end of MAMO's tracked universe, ranking #20 of 23. The last year tells two different stories: PINE led by 104.0 percentage points, -66.1% for MAMO against +37.9% for PINE. Risk is not evenly split, since MAMO carries 3.7 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.
MAMO vs PINE: side by side
| MAMO (Massimo Group) | PINE (Alpine Income Property Trust, Inc.) | |
|---|---|---|
| 1-year return | -66.1% | +37.9% |
| 5-year return | n/a | +43.8% |
| Volatility (ann.) | 87.3% | 23.9% |
| Beta vs S&P 500 | 0.53 | 0.19 |
| Max drawdown (3Y) | -83.6% | -24.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | 10.0 | 93.5 |
| Dividend yield | 0.00% | 5.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAMO | PINE |
|---|---|---|
| 2022 | – | +0.9% |
| 2023 | – | -5.5% |
| 2024 | – | +6.1% |
| 2025 | +54.9% | +7.0% |
| 2026 | -74.9% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and PINE good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between MAMO and PINE?
The MAMO/PINE correlation stands at -0.26 on a 3-year window (1 year: -0.38, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PINE a good diversifier for MAMO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/mamo-vs-pine.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mamo-vs-pine/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAMO correlations · PINE correlations
