CPHI vs MTNB: Correlation
Measured on weekly returns over the past three years, China Pharma Holdings, Inc. (CPHI) and Matinas Biopharma Holdings, Inc. (MTNB) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHI and MTNB?
On 3 years of weekly data the CPHI/MTNB correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.57) runs below the 3-year figure (-0.26). The 5-year figure is -0.17, and annualized covariance runs at -3569.6 %².
Among the 16 assets we track against CPHI, MTNB sits near the bottom by co-movement, at rank #13. The last year tells two different stories: CPHI led by 53.2 percentage points, -36.7% for CPHI against -89.9% for MTNB.
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.
CPHI vs MTNB: side by side
| CPHI (China Pharma Holdings, Inc.) | MTNB (Matinas Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | -36.7% | -89.9% |
| 5-year return | -99.7% | -99.5% |
| Volatility (ann.) | 112.2% | 120.2% |
| Beta vs S&P 500 | 0.27 | 1.73 |
| Max drawdown (3Y) | -95.0% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHI | MTNB |
|---|---|---|
| 2022 | -79.2% | -50.5% |
| 2023 | -88.0% | -56.8% |
| 2024 | -61.7% | -95.3% |
| 2025 | -47.4% | +14.9% |
| 2026 | -26.8% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHI and MTNB good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPHI and MTNB?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.57 over the last year and -0.17 over 5 years.
Is MTNB a good diversifier for CPHI?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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
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Related comparisons
Hubs: CPHI correlations · MTNB correlations
