GANX vs MBOT: Correlation
Gain Therapeutics, Inc. (GANX) and Microbot Medical Inc. (MBOT) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GANX and MBOT?
Across a 3-year window, the weekly returns of GANX and MBOT correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 3571.6 %².
MBOT is one of the assets that tracks GANX most closely: it ranks #3 out of the 10 assets we track against GANX. The last year tells two different stories: GANX led by 62.6 percentage points, -0.5% for GANX against -63.1% for MBOT.
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.
GANX vs MBOT: side by side
| GANX (Gain Therapeutics, Inc.) | MBOT (Microbot Medical Inc.) | |
|---|---|---|
| 1-year return | -0.5% | -63.1% |
| 5-year return | -76.4% | -79.9% |
| Volatility (ann.) | 98.1% | 97.0% |
| Beta vs S&P 500 | 1.61 | 1.83 |
| Max drawdown (3Y) | -81.4% | -67.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GANX | MBOT |
|---|---|---|
| 2022 | -42.4% | -59.9% |
| 2023 | +4.3% | -45.5% |
| 2024 | -33.8% | -31.7% |
| 2025 | +49.1% | +78.6% |
| 2026 | -42.5% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GANX and MBOT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GANX and MBOT?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.33 over the last year and 0.28 over 5 years.
Is MBOT a good diversifier for GANX?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/ganx-vs-mbot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ganx-vs-mbot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GANX correlations · MBOT correlations
