FIRY vs MX: Correlation
Measured on weekly returns over the past three years, Firy Inc. (FIRY) and Magnachip Semiconductor Corporation (MX) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIRY and MX?
Over the past 3 years, FIRY and MX moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 3926.3 %².
Few assets follow FIRY as closely as MX, which ranks #2 of 16 tracked partners. The trailing year gives FIRY the advantage: +16.2% versus +2.2%, a 14.0-point spread.
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.
FIRY vs MX: side by side
| FIRY (Firy Inc.) | MX (Magnachip Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +16.2% | +2.2% |
| 5-year return | -95.2% | -81.9% |
| Volatility (ann.) | 95.3% | 79.4% |
| Beta vs S&P 500 | 2.29 | 1.88 |
| Max drawdown (3Y) | -74.9% | -73.5% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIRY | MX |
|---|---|---|
| 2022 | -93.2% | -55.2% |
| 2023 | -38.3% | -20.1% |
| 2024 | -19.4% | -46.4% |
| 2025 | -14.3% | -36.6% |
| 2026 | +136.4% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIRY and MX good diversifiers for each other?
Only partially. A correlation of 0.52 means FIRY and MX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FIRY and MX?
The FIRY/MX correlation stands at 0.52 on a 3-year window (1 year: 0.58, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is MX a good diversifier for FIRY?
Only partially. A correlation of 0.52 means FIRY and MX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FIRY correlations · MX correlations
