DE vs MBAI: Correlation
Deere & Company (DE) and Check-Cap Ltd. (MBAI) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and MBAI?
On 3 years of weekly data the DE/MBAI correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.26 versus -0.15 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -1901.9 %².
Within DE's tracked universe of 33 assets, MBAI comes in at #24 by 3-year correlation. The last year tells two different stories: MBAI led by 882.9 percentage points, +27.9% for DE against +910.8% for MBAI. Note the risk asymmetry: MBAI runs 17.8 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.
DE vs MBAI: side by side
| DE (Deere & Company) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | +27.9% | +910.8% |
| 5-year return | +74.5% | -69.3% |
| Volatility (ann.) | 26.7% | 474.4% |
| Beta vs S&P 500 | 0.65 | 1.76 |
| Max drawdown (3Y) | -19.9% | -87.3% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | 1.4 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | MBAI |
|---|---|---|
| 2022 | +26.6% | -83.7% |
| 2023 | -5.5% | -5.5% |
| 2024 | +7.6% | -52.4% |
| 2025 | +11.4% | +63.6% |
| 2026 | +34.5% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and MBAI good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DE and MBAI?
The DE/MBAI correlation stands at -0.15 on a 3-year window (1 year: -0.26, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is MBAI a good diversifier for DE?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/de-vs-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/de-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DE correlations · MBAI correlations
