MEGL vs OSRH: Correlation
How closely do Magic Empire Global Limited - Class A (MEGL) and OSR Health, Inc. (OSRH) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGL and OSRH?
On 3 years of weekly data the MEGL/OSRH correlation comes out at 0.29, weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 4913.5 %².
Among the 38 assets we track against MEGL, OSRH ranks #9 by 3-year correlation. The last year tells two different stories: MEGL led by 66.1 percentage points, -16.7% for MEGL against -82.8% for OSRH. One caveat on sizing: MEGL is 1.7 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.
MEGL vs OSRH: side by side
| MEGL (Magic Empire Global Limited - Class A) | OSRH (OSR Health, Inc.) | |
|---|---|---|
| 1-year return | -16.7% | -82.8% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 170.2% | 100.8% |
| Beta vs S&P 500 | -0.70 | 0.47 |
| Max drawdown (3Y) | -68.7% | -99.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEGL | OSRH |
|---|---|---|
| 2023 | -7.3% | – |
| 2024 | -54.4% | +9.8% |
| 2025 | +117.6% | -95.1% |
| 2026 | -0.4% | -70.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGL and OSRH good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MEGL and OSRH?
The MEGL/OSRH correlation stands at 0.29 on a 3-year window (1 year: 0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OSRH a good diversifier for MEGL?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/megl-vs-osrh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/megl-vs-osrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MEGL correlations · OSRH correlations
