MEGL vs PRG: Correlation
Measured on weekly returns over the past three years, Magic Empire Global Limited - Class A (MEGL) and PROG Holdings, Inc. (PRG) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGL and PRG?
Over the past 3 years, MEGL and PRG moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.35). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -2772.8 %².
Out of 38 assets tracked against MEGL, PRG lands near the bottom at #37. Correlation aside, the last 12 months split them widely, with PRG ahead by 30.6 points (-16.7% versus +13.9%). Note the risk asymmetry: MEGL runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PRG: side by side
| MEGL (Magic Empire Global Limited - Class A) | PRG (PROG Holdings, Inc.) | |
|---|---|---|
| 1-year return | -16.7% | +13.9% |
| 5-year return | n/a | -13.8% |
| Volatility (ann.) | 170.2% | 46.7% |
| Beta vs S&P 500 | -0.70 | 1.07 |
| Max drawdown (3Y) | -68.7% | -51.9% |
| Market cap | – | $1.6B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 1.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEGL | PRG |
|---|---|---|
| 2022 | – | -62.6% |
| 2023 | -7.3% | +83.0% |
| 2024 | -54.4% | +38.4% |
| 2025 | +117.6% | -29.0% |
| 2026 | -0.4% | +36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGL and PRG good diversifiers for each other?
Yes. With a correlation of -0.35, MEGL and PRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MEGL and PRG?
As of 2026-08-27, the correlation of weekly returns between MEGL and PRG is -0.35 over 3 years, 0.00 over 1 year and -0.01 over 5 years.
Is PRG a good diversifier for MEGL?
Yes. With a correlation of -0.35, MEGL and PRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 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
$ curl https://www.pairbook.io/api/v1/pairs/megl-vs-prg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/megl-vs-prg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MEGL correlations · PRG correlations
