MKZR vs OESX: Correlation
How closely do MacKenzie Realty Capital, Inc. (MKZR) and Orion Energy Systems, Inc. (OESX) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKZR and OESX?
Over the past 3 years, MKZR and OESX moved with a correlation of 0.37, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.37 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2945.1 %².
Among the 23 assets we track against MKZR, OESX ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OESX ahead by 360.0 points (-75.7% versus +284.3%).
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.
MKZR vs OESX: side by side
| MKZR (MacKenzie Realty Capital, Inc.) | OESX (Orion Energy Systems, Inc.) | |
|---|---|---|
| 1-year return | -75.7% | +284.3% |
| 5-year return | n/a | -39.9% |
| Volatility (ann.) | 91.6% | 81.4% |
| Beta vs S&P 500 | 0.74 | 1.22 |
| Max drawdown (3Y) | -97.8% | -63.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKZR | OESX |
|---|---|---|
| 2022 | – | -49.7% |
| 2023 | – | -52.2% |
| 2024 | – | -8.0% |
| 2025 | -86.7% | +92.3% |
| 2026 | -63.1% | +73.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKZR and OESX good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MKZR and OESX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.61 over the last year and n/a over 5 years.
Is OESX a good diversifier for MKZR?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/mkzr-vs-oesx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mkzr-vs-oesx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MKZR correlations · OESX correlations
