CNC vs MPU: Correlation
Measured on weekly returns over the past three years, Centene Corporation (CNC) and Mega Matrix Inc. Class A (MPU) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNC and MPU?
On 3 years of weekly data the CNC/MPU correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.11) runs above the 3-year figure (-0.29). The 5-year figure is -0.18, and annualized covariance runs at -1799.1 %².
Among the 30 assets we track against CNC, MPU sits near the bottom by co-movement, at rank #28. The last year tells two different stories: CNC led by 217.8 percentage points, +126.5% for CNC against -91.3% for MPU. One caveat on sizing: MPU is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CNC vs MPU: side by side
| CNC (Centene Corporation) | MPU (Mega Matrix Inc. Class A) | |
|---|---|---|
| 1-year return | +126.5% | -91.3% |
| 5-year return | +3.3% | -96.8% |
| Volatility (ann.) | 45.4% | 137.9% |
| Beta vs S&P 500 | 0.36 | 1.05 |
| Max drawdown (3Y) | -68.6% | -95.1% |
| Market cap | $32.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CNC | MPU |
|---|---|---|
| 2022 | -0.5% | -85.3% |
| 2023 | -9.5% | -19.9% |
| 2024 | -18.4% | -1.4% |
| 2025 | -32.1% | -34.5% |
| 2026 | +58.8% | -75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNC and MPU good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CNC and MPU?
As of 2026-08-27, the correlation of weekly returns between CNC and MPU is -0.29 over 3 years, 0.11 over 1 year and -0.18 over 5 years.
Is MPU a good diversifier for CNC?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/cnc-vs-mpu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnc-vs-mpu/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNC correlations · MPU correlations
