AMST vs MI: Correlation
Amesite Inc. (AMST) and NFT Limited Class A (MI) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMST and MI?
Across a 3-year window, the weekly returns of AMST and MI correlate at 0.72, strong. Lately the two have moved closer together, with the 1-year correlation at 0.90 versus 0.72 over 3 years. Stretching to 5 years gives 0.58, with an annualized covariance of 399995.1 %².
Few assets follow AMST as closely as MI, which ranks #1 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months MI outperformed by 49.5 percentage points (-59.8% for AMST against -10.3% for MI). Risk is not evenly split, since MI carries 35.4 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.
AMST vs MI: side by side
| AMST (Amesite Inc.) | MI (NFT Limited Class A) | |
|---|---|---|
| 1-year return | -59.8% | -10.3% |
| 5-year return | -95.5% | -99.5% |
| Volatility (ann.) | 125.5% | 4443.9% |
| Beta vs S&P 500 | 1.09 | 8.21 |
| Max drawdown (3Y) | -84.6% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMST | MI |
|---|---|---|
| 2022 | -83.0% | -86.4% |
| 2023 | +7.1% | -66.2% |
| 2024 | +111.1% | -61.9% |
| 2025 | -60.2% | +13.3% |
| 2026 | -42.3% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMST and MI good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMST and MI?
The AMST/MI correlation stands at 0.72 on a 3-year window (1 year: 0.90, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is MI a good diversifier for AMST?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
A reading of 0.72 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/amst-vs-mi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amst-vs-mi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMST correlations · MI correlations
