MAMO vs RRX: Correlation
Massimo Group (MAMO) and Regal Rexnord Corporation (RRX) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMO and RRX?
Over the past 3 years, MAMO and RRX 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 (-0.45) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -975.5 %².
Among the 23 assets we track against MAMO, RRX sits near the bottom by co-movement, at rank #21. Correlation aside, the last 12 months split them widely, with RRX ahead by 74.3 points (-66.1% versus +8.2%). One caveat on sizing: MAMO is 2.1 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.
MAMO vs RRX: side by side
| MAMO (Massimo Group) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | -66.1% | +8.2% |
| 5-year return | n/a | +18.1% |
| Volatility (ann.) | 87.3% | 42.0% |
| Beta vs S&P 500 | 0.53 | 1.10 |
| Max drawdown (3Y) | -83.6% | -48.1% |
| Market cap | – | $10.9B |
| P/E (trailing) | 10.0 | 34.0 |
| Dividend yield | 0.00% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAMO | RRX |
|---|---|---|
| 2022 | – | -28.7% |
| 2023 | – | +24.6% |
| 2024 | – | +5.7% |
| 2025 | +54.9% | -8.6% |
| 2026 | -74.9% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and RRX 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 RRX?
As of 2026-08-27, the correlation of weekly returns between MAMO and RRX is -0.26 over 3 years, -0.45 over 1 year and n/a over 5 years.
Is RRX 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.
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Related comparisons
Hubs: MAMO correlations · RRX correlations
