AUST vs MVST: Correlation
How closely do Austin Gold Corp. (AUST) and Microvast Holdings, Inc. (MVST) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUST and MVST?
Across a 3-year window, the weekly returns of AUST and MVST correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.30) than the 3-year average (-0.23). Stretching to 5 years gives -0.15, with an annualized covariance of -4347.7 %².
Among the 13 assets we track against AUST, MVST sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with AUST ahead by 51.3 points (-19.9% versus -71.2%). One caveat on sizing: MVST is 2.3 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.
AUST vs MVST: side by side
| AUST (Austin Gold Corp.) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | -19.9% | -71.2% |
| 5-year return | -71.4% | -91.6% |
| Volatility (ann.) | 89.9% | 209.2% |
| Beta vs S&P 500 | 0.92 | 0.26 |
| Max drawdown (3Y) | -70.3% | -92.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUST | MVST |
|---|---|---|
| 2022 | – | -73.0% |
| 2023 | -21.6% | -8.5% |
| 2024 | +69.6% | +47.9% |
| 2025 | +17.9% | +35.3% |
| 2026 | -15.5% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUST and MVST good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUST and MVST?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.30 over the last year and -0.15 over 5 years.
Is MVST a good diversifier for AUST?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: AUST correlations · MVST correlations
