CABO vs MRAM: Correlation
Measured on weekly returns over the past three years, Cable One, Inc. (CABO) and Everspin Technologies, Inc. (MRAM) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CABO and MRAM?
On 3 years of weekly data the CABO/MRAM correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -1100.6 %².
MRAM is close to the least connected end of CABO's tracked universe, ranking #8 of 10. The last year tells two different stories: MRAM led by 259.4 percentage points, -86.2% for CABO against +173.2% for MRAM.
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.
CABO vs MRAM: side by side
| CABO (Cable One, Inc.) | MRAM (Everspin Technologies, Inc.) | |
|---|---|---|
| 1-year return | -86.2% | +173.2% |
| 5-year return | -98.8% | +134.7% |
| Volatility (ann.) | 66.3% | 69.5% |
| Beta vs S&P 500 | 0.39 | 1.58 |
| Max drawdown (3Y) | -96.5% | -70.6% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABO | MRAM |
|---|---|---|
| 2022 | -59.2% | -50.8% |
| 2023 | -20.4% | +62.6% |
| 2024 | -33.0% | -29.3% |
| 2025 | -68.5% | +45.2% |
| 2026 | -80.1% | +88.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABO and MRAM good diversifiers for each other?
Yes. With a correlation of -0.24, CABO and MRAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CABO and MRAM?
As of 2026-08-27, the correlation of weekly returns between CABO and MRAM is -0.24 over 3 years, -0.30 over 1 year and -0.10 over 5 years.
Is MRAM a good diversifier for CABO?
Yes. With a correlation of -0.24, CABO and MRAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cabo-vs-mram.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cabo-vs-mram/)
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Related comparisons
Hubs: CABO correlations · MRAM correlations
