CPBI vs MMA: Correlation
How closely do Central Plains Bancshares, Inc. (CPBI) and Mixed Martial Arts Group Limited (MMA) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPBI and MMA?
On 3 years of weekly data the CPBI/MMA correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -675.8 %².
Out of 11 assets tracked against CPBI, MMA lands near the bottom at #11. The last year tells two different stories: CPBI led by 86.6 percentage points, +35.0% for CPBI against -51.6% for MMA. Note the risk asymmetry: MMA runs 8.7 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.
CPBI vs MMA: side by side
| CPBI (Central Plains Bancshares, Inc.) | MMA (Mixed Martial Arts Group Limited) | |
|---|---|---|
| 1-year return | +35.0% | -51.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 15.5% | 134.6% |
| Beta vs S&P 500 | 0.16 | 2.08 |
| Max drawdown (3Y) | -8.4% | -92.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPBI | MMA |
|---|---|---|
| 2024 | +46.7% | – |
| 2025 | +13.1% | -20.6% |
| 2026 | +23.7% | -58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPBI and MMA good diversifiers for each other?
Yes. With a correlation of -0.33, CPBI and MMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPBI and MMA?
The CPBI/MMA correlation stands at -0.33 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MMA a good diversifier for CPBI?
Yes. With a correlation of -0.33, CPBI and MMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/cpbi-vs-mma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpbi-vs-mma/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPBI correlations · MMA correlations
