CGEN vs MGTX: Correlation
Measured on weekly returns over the past three years, Compugen Ltd. (CGEN) and MeiraGTx Holdings plc (MGTX) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and MGTX?
On 3 years of weekly data the CGEN/MGTX correlation comes out at 0.48, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.48). The 5-year figure is 0.38, and annualized covariance runs at 3524.3 %².
By 3-year correlation, MGTX places #4 of the 18 assets tracked against CGEN. Their 12-month results are close: +87.8% for CGEN against +90.1% for MGTX.
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.
CGEN vs MGTX: side by side
| CGEN (Compugen Ltd.) | MGTX (MeiraGTx Holdings plc) | |
|---|---|---|
| 1-year return | +87.8% | +90.1% |
| 5-year return | -59.2% | +2.2% |
| Volatility (ann.) | 95.6% | 77.0% |
| Beta vs S&P 500 | 1.63 | 2.02 |
| Max drawdown (3Y) | -60.0% | -47.1% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | 7.3 | 16.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | MGTX |
|---|---|---|
| 2022 | -83.3% | -72.5% |
| 2023 | +175.0% | +7.7% |
| 2024 | -22.7% | -13.2% |
| 2025 | +0.0% | +30.5% |
| 2026 | +80.4% | +77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and MGTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CGEN and MGTX?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.13 over the last year and 0.38 over 5 years.
Is MGTX a good diversifier for CGEN?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cgen-vs-mgtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cgen-vs-mgtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CGEN correlations · MGTX correlations
