MEGL vs PRPO: Correlation
Magic Empire Global Limited - Class A (MEGL) and Precipio, Inc. (PRPO) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGL and PRPO?
Over the past 3 years, MEGL and PRPO moved with a correlation of 0.32, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.32 over 3 years. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 3832.4 %².
Within MEGL's tracked universe of 38 assets, PRPO comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PRPO outperformed by 108.6 percentage points (-16.7% for MEGL against +91.9% for PRPO). One caveat on sizing: MEGL is 2.4 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 PRPO: side by side
| MEGL (Magic Empire Global Limited - Class A) | PRPO (Precipio, Inc.) | |
|---|---|---|
| 1-year return | -16.7% | +91.9% |
| 5-year return | n/a | -55.4% |
| Volatility (ann.) | 170.2% | 71.4% |
| Beta vs S&P 500 | -0.70 | 0.51 |
| Max drawdown (3Y) | -68.7% | -55.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEGL | PRPO |
|---|---|---|
| 2022 | – | -65.1% |
| 2023 | -7.3% | -41.0% |
| 2024 | -54.4% | -14.8% |
| 2025 | +117.6% | +314.8% |
| 2026 | -0.4% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGL and PRPO good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MEGL and PRPO?
The MEGL/PRPO correlation stands at 0.32 on a 3-year window (1 year: 0.21, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is PRPO a good diversifier for MEGL?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/megl-vs-prpo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/megl-vs-prpo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MEGL correlations · PRPO correlations
