CRNC vs MBOT: Correlation
Cerence Inc. (CRNC) and Microbot Medical Inc. (MBOT) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and MBOT?
Over the past 3 years, CRNC and MBOT moved with a correlation of 0.46, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.46 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 6082.2 %².
Among the 21 assets we track against CRNC, MBOT ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRNC ahead by 43.3 points (-19.8% versus -63.1%).
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.
CRNC vs MBOT: side by side
| CRNC (Cerence Inc.) | MBOT (Microbot Medical Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -63.1% |
| 5-year return | -92.5% | -79.9% |
| Volatility (ann.) | 136.3% | 97.0% |
| Beta vs S&P 500 | 2.35 | 1.83 |
| Max drawdown (3Y) | -90.9% | -67.3% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNC | MBOT |
|---|---|---|
| 2022 | -75.8% | -59.9% |
| 2023 | +6.1% | -45.5% |
| 2024 | -60.1% | -31.7% |
| 2025 | +36.2% | +78.6% |
| 2026 | -21.3% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and MBOT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRNC and MBOT?
As of 2026-08-27, the correlation of weekly returns between CRNC and MBOT is 0.46 over 3 years, 0.12 over 1 year and 0.38 over 5 years.
Is MBOT a good diversifier for CRNC?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/crnc-vs-mbot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crnc-vs-mbot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRNC correlations · MBOT correlations
