EBS vs MKZR: Correlation
How closely do Emergent BioSolutions Inc. (EBS) and MacKenzie Realty Capital, Inc. (MKZR) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBS and MKZR?
Across a 3-year window, the weekly returns of EBS and MKZR correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.23 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -2074.8 %².
Among the 15 assets we track against EBS, MKZR sits near the bottom by co-movement, at rank #13. The last year tells two different stories: EBS led by 44.9 percentage points, -30.8% for EBS against -75.7% for MKZR.
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.
EBS vs MKZR: side by side
| EBS (Emergent BioSolutions Inc.) | MKZR (MacKenzie Realty Capital, Inc.) | |
|---|---|---|
| 1-year return | -30.8% | -75.7% |
| 5-year return | -90.7% | n/a |
| Volatility (ann.) | 122.0% | 91.6% |
| Beta vs S&P 500 | 2.69 | 0.74 |
| Max drawdown (3Y) | -71.2% | -97.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBS | MKZR |
|---|---|---|
| 2022 | -72.8% | – |
| 2023 | -79.7% | – |
| 2024 | +298.3% | – |
| 2025 | +29.3% | -86.7% |
| 2026 | -51.9% | -63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBS and MKZR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between EBS and MKZR?
As of 2026-08-27, the correlation of weekly returns between EBS and MKZR is -0.23 over 3 years, -0.33 over 1 year and n/a over 5 years.
Is MKZR a good diversifier for EBS?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/ebs-vs-mkzr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ebs-vs-mkzr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EBS correlations · MKZR correlations
