MLGO vs PWR: Correlation
Measured on weekly returns over the past three years, MicroAlgo, Inc. (MLGO) and Quanta Services (PWR) 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 MLGO and PWR?
Across a 3-year window, the weekly returns of MLGO and PWR correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.17, with an annualized covariance of -3664.0 %².
Within MLGO's tracked universe of 33 assets, PWR comes in at #24 by 3-year correlation. The last year tells two different stories: PWR led by 116.0 percentage points, -52.9% for MLGO against +63.1% for PWR. Note the risk asymmetry: MLGO runs 14.4 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.
MLGO vs PWR: side by side
| MLGO (MicroAlgo, Inc.) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | -52.9% | +63.1% |
| 5-year return | -100.0% | +506.1% |
| Volatility (ann.) | 489.7% | 33.9% |
| Beta vs S&P 500 | -2.77 | 1.29 |
| Max drawdown (3Y) | -100.0% | -33.9% |
| Market cap | – | $93.5B |
| P/E (trailing) | 1.9 | 70.4 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MLGO | PWR |
|---|---|---|
| 2022 | -87.6% | +24.6% |
| 2023 | -27.0% | +51.7% |
| 2024 | -97.9% | +46.6% |
| 2025 | -96.1% | +33.7% |
| 2026 | -6.3% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLGO and PWR good diversifiers for each other?
Yes. With a correlation of -0.22, MLGO and PWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MLGO and PWR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.09 over the last year and -0.17 over 5 years.
Is PWR a good diversifier for MLGO?
Yes. With a correlation of -0.22, MLGO and PWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/mlgo-vs-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mlgo-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MLGO correlations · PWR correlations
