METCB vs WKHS: Correlation
Measured on weekly returns over the past three years, Ramaco Resources, Inc. (METCB) and Workhorse Group, Inc. (WKHS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are METCB and WKHS?
On 3 years of weekly data the METCB/WKHS correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.36). The 5-year figure is n/a, and annualized covariance runs at 3369.4 %².
Within METCB's tracked universe of 11 assets, WKHS comes in at #5 by 3-year correlation. The last year tells two different stories: METCB led by 27.6 percentage points, -53.0% for METCB against -80.6% for WKHS. Note the risk asymmetry: WKHS runs 2.7 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 WKHS: side by side
| METCB (Ramaco Resources, Inc.) | WKHS (Workhorse Group, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -80.6% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 59.3% | 157.8% |
| Beta vs S&P 500 | 0.57 | 1.44 |
| Max drawdown (3Y) | -71.4% | -99.9% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | METCB | WKHS |
|---|---|---|
| 2022 | – | -65.1% |
| 2023 | – | -76.3% |
| 2024 | -17.4% | -90.3% |
| 2025 | +25.9% | -95.1% |
| 2026 | -34.6% | -37.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are METCB and WKHS good diversifiers for each other?
Reasonably. At 0.36, METCB and WKHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between METCB and WKHS?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with -0.08 over the last year and n/a over 5 years.
Is WKHS a good diversifier for METCB?
Reasonably. At 0.36, METCB and WKHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/metcb-vs-wkhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/metcb-vs-wkhs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: METCB correlations · WKHS correlations
