CMND vs MI: Correlation
Clearmind Medicine Inc. (CMND) and NFT Limited Class A (MI) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMND and MI?
On 3 years of weekly data the CMND/MI correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.25 over 3. The 5-year figure is -0.21, and annualized covariance runs at -135699.7 %².
MI is close to the least connected end of CMND's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months MI outperformed by 89.3 percentage points (-99.6% for CMND against -10.3% for MI). Note the risk asymmetry: MI runs 36.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CMND vs MI: side by side
| CMND (Clearmind Medicine Inc.) | MI (NFT Limited Class A) | |
|---|---|---|
| 1-year return | -99.6% | -10.3% |
| 5-year return | n/a | -99.5% |
| Volatility (ann.) | 122.3% | 4443.9% |
| Beta vs S&P 500 | 1.24 | 8.21 |
| Max drawdown (3Y) | -100.0% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMND | MI |
|---|---|---|
| 2022 | – | -86.4% |
| 2023 | -97.0% | -66.2% |
| 2024 | -50.9% | -61.9% |
| 2025 | -96.7% | +13.3% |
| 2026 | -90.0% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMND and MI good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMND and MI?
As of 2026-08-27, the correlation of weekly returns between CMND and MI is -0.25 over 3 years, -0.33 over 1 year and -0.21 over 5 years.
Is MI a good diversifier for CMND?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/cmnd-vs-mi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmnd-vs-mi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMND correlations · MI correlations
