A vs MXCT: Correlation
Measured on weekly returns over the past three years, Agilent Technologies (A) and MaxCyte, Inc. (MXCT) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and MXCT?
Over the past 3 years, A and MXCT moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 767.7 %².
Within A's tracked universe of 33 assets, MXCT comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months A outperformed by 42.5 percentage points (+33.9% for A against -8.6% for MXCT). One caveat on sizing: MXCT is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
A vs MXCT: side by side
| A (Agilent Technologies) | MXCT (MaxCyte, Inc.) | |
|---|---|---|
| 1-year return | +33.9% | -8.6% |
| 5-year return | -7.5% | -91.7% |
| Volatility (ann.) | 31.0% | 63.0% |
| Beta vs S&P 500 | 0.98 | 1.35 |
| Max drawdown (3Y) | -35.3% | -87.4% |
| Market cap | $44.5B | $0.1B |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | MXCT |
|---|---|---|
| 2022 | -5.5% | -46.4% |
| 2023 | -6.4% | -13.9% |
| 2024 | -2.7% | -11.5% |
| 2025 | +1.9% | -62.7% |
| 2026 | +16.6% | -17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and MXCT good diversifiers for each other?
Reasonably. At 0.39, A and MXCT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between A and MXCT?
The A/MXCT correlation stands at 0.39 on a 3-year window (1 year: 0.40, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is MXCT a good diversifier for A?
Reasonably. At 0.39, A and MXCT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/a-vs-mxct.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/a-vs-mxct/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: A correlations · MXCT correlations
