ADSK vs MF: Correlation
Measured on weekly returns over the past three years, Autodesk (ADSK) and MindForge Inc. - Class A (MF) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and MF?
Across a 3-year window, the weekly returns of ADSK and MF correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -5082.1 %².
Within ADSK's tracked universe of 44 assets, MF comes in at #36 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADSK outperformed by 66.2 percentage points (-5.4% for ADSK against -71.6% for MF). Risk is not evenly split, since MF carries 26.9 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.
ADSK vs MF: side by side
| ADSK (Autodesk) | MF (MindForge Inc. - Class A) | |
|---|---|---|
| 1-year return | -5.4% | -71.6% |
| 5-year return | -13.7% | n/a |
| Volatility (ann.) | 30.9% | 830.3% |
| Beta vs S&P 500 | 1.04 | 3.38 |
| Max drawdown (3Y) | -42.6% | -99.7% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | MF |
|---|---|---|
| 2022 | -33.5% | – |
| 2023 | +30.3% | – |
| 2024 | +21.4% | – |
| 2025 | +0.1% | -40.7% |
| 2026 | -8.6% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and MF good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADSK and MF?
The ADSK/MF correlation stands at -0.19 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MF a good diversifier for ADSK?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adsk-vs-mf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adsk-vs-mf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSK correlations · MF correlations
