BUR vs MGRX: Correlation
How closely do Burford Capital Limited (BUR) and Mangoceuticals, Inc. (MGRX) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and MGRX?
Over the past 3 years, BUR and MGRX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.63 versus -0.34 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2860.6 %².
Out of 15 assets tracked against BUR, MGRX lands near the bottom at #12. The trailing year gives BUR the advantage: -68.2% versus -79.6%, a 11.4-point spread. Risk is not evenly split, since MGRX carries 3.8 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.
BUR vs MGRX: side by side
| BUR (Burford Capital Limited) | MGRX (Mangoceuticals, Inc.) | |
|---|---|---|
| 1-year return | -68.2% | -79.6% |
| 5-year return | -62.0% | n/a |
| Volatility (ann.) | 46.5% | 178.7% |
| Beta vs S&P 500 | 1.40 | -1.27 |
| Max drawdown (3Y) | -75.5% | -99.1% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUR | MGRX |
|---|---|---|
| 2022 | -21.6% | – |
| 2023 | +93.3% | – |
| 2024 | -17.5% | -41.8% |
| 2025 | -29.7% | -69.4% |
| 2026 | -50.9% | -45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and MGRX good diversifiers for each other?
Yes. With a correlation of -0.34, BUR and MGRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BUR and MGRX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.63 over the last year and n/a over 5 years.
Is MGRX a good diversifier for BUR?
Yes. With a correlation of -0.34, BUR and MGRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
A reading of -0.34 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/bur-vs-mgrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bur-vs-mgrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUR correlations · MGRX correlations
