METCB vs PACS: Correlation
Measured on weekly returns over the past three years, Ramaco Resources, Inc. (METCB) and PACS Group, Inc. (PACS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are METCB and PACS?
Across a 3-year window, the weekly returns of METCB and PACS correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -1591.6 %².
Out of 11 assets tracked against METCB, PACS lands near the bottom at #10. The last year tells two different stories: PACS led by 326.0 percentage points, -53.0% for METCB against +273.0% for PACS. Note the risk asymmetry: PACS runs 2.0 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.
METCB vs PACS: side by side
| METCB (Ramaco Resources, Inc.) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +273.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 59.3% | 120.5% |
| Beta vs S&P 500 | 0.57 | 0.06 |
| Max drawdown (3Y) | -71.4% | -82.0% |
| Market cap | $0.5B | $7.0B |
| P/E (trailing) | – | 25.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | METCB | PACS |
|---|---|---|
| 2024 | -17.4% | – |
| 2025 | +25.9% | +192.8% |
| 2026 | -34.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are METCB and PACS good diversifiers for each other?
Yes. With a correlation of -0.22, METCB and PACS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between METCB and PACS?
The METCB/PACS correlation stands at -0.22 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PACS a good diversifier for METCB?
Yes. With a correlation of -0.22, METCB and PACS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/metcb-vs-pacs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/metcb-vs-pacs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: METCB correlations · PACS correlations
