MLGO vs PH: Correlation
How closely do MicroAlgo, Inc. (MLGO) and Parker Hannifin (PH) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLGO and PH?
Over the past 3 years, MLGO and PH moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -2243.7 %².
Within MLGO's tracked universe of 33 assets, PH comes in at #15 by 3-year correlation. The last year tells two different stories: PH led by 85.7 percentage points, -52.9% for MLGO against +32.8% for PH. Risk is not evenly split, since MLGO carries 18.4 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.
MLGO vs PH: side by side
| MLGO (MicroAlgo, Inc.) | PH (Parker Hannifin) | |
|---|---|---|
| 1-year return | -52.9% | +32.8% |
| 5-year return | -100.0% | +256.4% |
| Volatility (ann.) | 489.7% | 26.6% |
| Beta vs S&P 500 | -2.77 | 1.16 |
| Max drawdown (3Y) | -100.0% | -26.8% |
| Market cap | – | $127.5B |
| P/E (trailing) | 1.9 | 36.5 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MLGO | PH |
|---|---|---|
| 2022 | -87.6% | -6.9% |
| 2023 | -27.0% | +60.8% |
| 2024 | -97.9% | +39.6% |
| 2025 | -96.1% | +39.5% |
| 2026 | -6.3% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLGO and PH good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MLGO and PH?
As of 2026-08-27, the correlation of weekly returns between MLGO and PH is -0.17 over 3 years, -0.16 over 1 year and -0.12 over 5 years.
Is PH a good diversifier for MLGO?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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/mlgo-vs-ph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mlgo-vs-ph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MLGO correlations · PH correlations
