CGEN vs MSAI: Correlation
Measured on weekly returns over the past three years, Compugen Ltd. (CGEN) and MultiSensor AI Holdings, Inc. (MSAI) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and MSAI?
Across a 3-year window, the weekly returns of CGEN and MSAI correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.16). Stretching to 5 years gives -0.14, with an annualized covariance of -1832.7 %².
MSAI is close to the least connected end of CGEN's tracked universe, ranking #17 of 18. Their recent paths diverged sharply: over the last 12 months CGEN outperformed by 169.3 percentage points (+87.8% for CGEN against -81.5% for MSAI).
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 MSAI: side by side
| CGEN (Compugen Ltd.) | MSAI (MultiSensor AI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +87.8% | -81.5% |
| 5-year return | -59.2% | -98.6% |
| Volatility (ann.) | 95.6% | 122.9% |
| Beta vs S&P 500 | 1.63 | 1.24 |
| Max drawdown (3Y) | -60.0% | -99.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | MSAI |
|---|---|---|
| 2022 | -83.3% | +4.0% |
| 2023 | +175.0% | -67.2% |
| 2024 | -22.7% | -45.1% |
| 2025 | +0.0% | -84.3% |
| 2026 | +80.4% | -52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and MSAI good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CGEN and MSAI?
As of 2026-08-27, the correlation of weekly returns between CGEN and MSAI is -0.16 over 3 years, -0.05 over 1 year and -0.14 over 5 years.
Is MSAI a good diversifier for CGEN?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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/cgen-vs-msai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cgen-vs-msai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGEN correlations · MSAI correlations
