MKZR vs PARR: Correlation
MacKenzie Realty Capital, Inc. (MKZR) and Par Pacific Holdings, Inc. (PARR) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKZR and PARR?
Across a 3-year window, the weekly returns of MKZR and PARR correlate at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1509.4 %².
Among the 23 assets we track against MKZR, PARR sits near the bottom by co-movement, at rank #22. The last year tells two different stories: PARR led by 201.2 percentage points, -75.7% for MKZR against +125.5% for PARR. Risk is not evenly split, since MKZR carries 1.8 times the volatility of the other side.
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 PARR: side by side
| MKZR (MacKenzie Realty Capital, Inc.) | PARR (Par Pacific Holdings, Inc.) | |
|---|---|---|
| 1-year return | -75.7% | +125.5% |
| 5-year return | n/a | +375.6% |
| Volatility (ann.) | 91.6% | 51.3% |
| Beta vs S&P 500 | 0.74 | 0.13 |
| Max drawdown (3Y) | -97.8% | -69.7% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | 4.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKZR | PARR |
|---|---|---|
| 2022 | – | +41.0% |
| 2023 | – | +56.4% |
| 2024 | – | -54.9% |
| 2025 | -86.7% | +114.4% |
| 2026 | -63.1% | +119.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKZR and PARR good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between MKZR and PARR?
The MKZR/PARR correlation stands at -0.29 on a 3-year window (1 year: -0.38, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PARR a good diversifier for MKZR?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/mkzr-vs-parr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mkzr-vs-parr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MKZR correlations · PARR correlations
