EMBC vs MF: Correlation
Embecta Corp. (EMBC) and MindForge Inc. - Class A (MF) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBC and MF?
Over the past 3 years, EMBC and MF moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.45). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 29164.6 %².
By 3-year correlation, MF places #4 of the 15 assets tracked against EMBC. The trailing year gives EMBC the advantage: -64.5% versus -71.6%, a 7.1-point spread. Note the risk asymmetry: MF runs 11.5 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.
EMBC vs MF: side by side
| EMBC (Embecta Corp.) | MF (MindForge Inc. - Class A) | |
|---|---|---|
| 1-year return | -64.5% | -71.6% |
| 5-year return | -87.8% | n/a |
| Volatility (ann.) | 72.4% | 830.3% |
| Beta vs S&P 500 | 0.91 | 3.38 |
| Max drawdown (3Y) | -85.3% | -99.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 9.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMBC | MF |
|---|---|---|
| 2023 | -23.1% | – |
| 2024 | +13.6% | – |
| 2025 | -39.6% | -40.7% |
| 2026 | -57.4% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBC and MF good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EMBC and MF?
The EMBC/MF correlation stands at 0.45 on a 3-year window (1 year: 0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MF a good diversifier for EMBC?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/embc-vs-mf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/embc-vs-mf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMBC correlations · MF correlations
