ELPW vs MBAI: Correlation
How closely do Elong Power Holding Limited - Class A (ELPW) and Check-Cap Ltd. (MBAI) trade together? Their weekly returns over three years give a correlation of 0.90, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and MBAI?
On 3 years of weekly data the ELPW/MBAI correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.92 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1428971.6 %².
Within ELPW's tracked universe of 30 assets, MBAI comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MBAI outperformed by 1009.8 percentage points (-99.0% for ELPW against +910.8% for MBAI). One caveat on sizing: ELPW is 7.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ELPW vs MBAI: side by side
| ELPW (Elong Power Holding Limited - Class A) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | -99.0% | +910.8% |
| 5-year return | n/a | -69.3% |
| Volatility (ann.) | 3332.8% | 474.4% |
| Beta vs S&P 500 | 3.98 | 1.76 |
| Max drawdown (3Y) | -100.0% | -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 | ELPW | MBAI |
|---|---|---|
| 2022 | – | -83.7% |
| 2023 | – | -5.5% |
| 2024 | -87.5% | -52.4% |
| 2025 | -91.4% | +63.6% |
| 2026 | -97.4% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and MBAI good diversifiers for each other?
No. With a correlation of 0.90, ELPW and MBAI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ELPW and MBAI?
The ELPW/MBAI correlation stands at 0.90 on a 3-year window (1 year: 0.92, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MBAI a good diversifier for ELPW?
No. With a correlation of 0.90, ELPW and MBAI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 mean?
On the −1 to +1 scale, 0.90 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/elpw-vs-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elpw-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELPW correlations · MBAI correlations
