CXAI vs MBAI: Correlation
How closely do CXApp Inc. (CXAI) and Check-Cap Ltd. (MBAI) trade together? Their weekly returns over three years give a correlation of 0.92, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXAI and MBAI?
Across a 3-year window, the weekly returns of CXAI and MBAI correlate at 0.92, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.94 over 1 year against 0.92 over 3. Stretching to 5 years gives 0.91, with an annualized covariance of 1637092.9 %².
Among the 10 assets we track against CXAI, MBAI ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MBAI outperformed by 503.1 percentage points (+407.7% for CXAI against +910.8% for MBAI). Note the risk asymmetry: CXAI runs 7.9 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.
CXAI vs MBAI: side by side
| CXAI (CXApp Inc.) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | +407.7% | +910.8% |
| 5-year return | -60.0% | -69.3% |
| Volatility (ann.) | 3738.0% | 474.4% |
| Beta vs S&P 500 | 6.69 | 1.76 |
| Max drawdown (3Y) | -98.3% | -87.3% |
| Market cap | – | – |
| P/E (trailing) | – | 1.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXAI | MBAI |
|---|---|---|
| 2022 | +0.8% | -83.7% |
| 2023 | -87.2% | -5.5% |
| 2024 | +41.1% | -52.4% |
| 2025 | -81.8% | +63.6% |
| 2026 | +1092.8% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXAI and MBAI good diversifiers for each other?
No: a correlation of 0.92 means CXAI and MBAI tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CXAI and MBAI?
Using weekly returns as of 2026-08-27: 0.92 over 3 years, with 0.94 over the last year and 0.91 over 5 years.
Is MBAI a good diversifier for CXAI?
No: a correlation of 0.92 means CXAI and MBAI tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.92 mean?
A reading of 0.92 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/cxai-vs-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cxai-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CXAI correlations · MBAI correlations
