CPIX vs MGX: Correlation
Measured on weekly returns over the past three years, Cumberland Pharmaceuticals Inc. (CPIX) and Metagenomi Therapeutics, Inc. (MGX) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPIX and MGX?
On 3 years of weekly data the CPIX/MGX correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 3999.9 %².
Among the 16 assets we track against CPIX, MGX ranks #4 by 3-year correlation. The last year tells two different stories: CPIX led by 263.0 percentage points, +228.1% for CPIX against -34.9% for MGX.
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.
CPIX vs MGX: side by side
| CPIX (Cumberland Pharmaceuticals Inc.) | MGX (Metagenomi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +228.1% | -34.9% |
| 5-year return | +295.6% | n/a |
| Volatility (ann.) | 117.9% | 86.5% |
| Beta vs S&P 500 | 0.07 | 1.23 |
| Max drawdown (3Y) | -71.9% | -90.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPIX | MGX |
|---|---|---|
| 2022 | -51.8% | – |
| 2023 | -20.4% | – |
| 2024 | +32.4% | – |
| 2025 | +67.9% | -55.1% |
| 2026 | +180.3% | -25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPIX and MGX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPIX and MGX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.33 over the last year and n/a over 5 years.
Is MGX a good diversifier for CPIX?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/cpix-vs-mgx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpix-vs-mgx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPIX correlations · MGX correlations
