CRMD vs MLGO: Correlation
How closely do CorMedix Inc. (CRMD) and MicroAlgo, Inc. (MLGO) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMD and MLGO?
On 3 years of weekly data the CRMD/MLGO correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.28). The 5-year figure is -0.22, and annualized covariance runs at -10190.7 %².
Out of 11 assets tracked against CRMD, MLGO lands near the bottom at #10. The trailing year gives CRMD the advantage: -41.2% versus -52.9%, a 11.7-point spread. Note the risk asymmetry: MLGO runs 6.6 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.
CRMD vs MLGO: side by side
| CRMD (CorMedix Inc.) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | -41.2% | -52.9% |
| 5-year return | +33.4% | -100.0% |
| Volatility (ann.) | 74.6% | 489.7% |
| Beta vs S&P 500 | 1.50 | -2.77 |
| Max drawdown (3Y) | -62.3% | -100.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | 3.8 | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMD | MLGO |
|---|---|---|
| 2022 | -7.3% | -87.6% |
| 2023 | -10.9% | -27.0% |
| 2024 | +115.4% | -97.9% |
| 2025 | +43.6% | -96.1% |
| 2026 | -28.5% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMD and MLGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CRMD and MLGO?
The CRMD/MLGO correlation stands at -0.28 on a 3-year window (1 year: -0.01, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is MLGO a good diversifier for CRMD?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/crmd-vs-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crmd-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRMD correlations · MLGO correlations
