AMGN vs MVST: Correlation
Amgen (AMGN) and Microvast Holdings, Inc. (MVST) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMGN and MVST?
Over the past 3 years, AMGN and MVST moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -1429.9 %².
MVST is close to the least connected end of AMGN's tracked universe, ranking #30 of 31. The last year tells two different stories: AMGN led by 127.2 percentage points, +56.0% for AMGN against -71.2% for MVST. Risk is not evenly split, since MVST carries 8.0 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.
AMGN vs MVST: side by side
| AMGN (Amgen) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | +56.0% | -71.2% |
| 5-year return | +127.8% | -91.6% |
| Volatility (ann.) | 26.3% | 209.2% |
| Beta vs S&P 500 | 0.34 | 0.26 |
| Max drawdown (3Y) | -22.7% | -92.8% |
| Market cap | $236.3B | $0.3B |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 2.23% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | AMGN | MVST |
|---|---|---|
| 2022 | +20.4% | -73.0% |
| 2023 | +13.5% | -8.5% |
| 2024 | -6.8% | +47.9% |
| 2025 | +29.7% | +35.3% |
| 2026 | +36.2% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMGN and MVST good diversifiers for each other?
Yes. With a correlation of -0.26, AMGN and MVST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMGN and MVST?
The AMGN/MVST correlation stands at -0.26 on a 3-year window (1 year: 0.04, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is MVST a good diversifier for AMGN?
Yes. With a correlation of -0.26, AMGN and MVST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/amgn-vs-mvst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amgn-vs-mvst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMGN correlations · MVST correlations
