GRCE vs MSEX: Correlation
Grace Therapeutics, Inc. (GRCE) and Middlesex Water Company (MSEX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRCE and MSEX?
Across a 3-year window, the weekly returns of GRCE and MSEX correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -583.1 %².
Out of 10 assets tracked against GRCE, MSEX lands near the bottom at #9. The last year tells two different stories: MSEX led by 39.7 percentage points, -29.6% for GRCE against +10.1% for MSEX. Risk is not evenly split, since GRCE carries 2.5 times the volatility of the other side.
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.
GRCE vs MSEX: side by side
| GRCE (Grace Therapeutics, Inc.) | MSEX (Middlesex Water Company) | |
|---|---|---|
| 1-year return | -29.6% | +10.1% |
| 5-year return | -88.8% | -41.5% |
| Volatility (ann.) | 78.2% | 31.5% |
| Beta vs S&P 500 | 0.95 | 0.04 |
| Max drawdown (3Y) | -60.0% | -40.2% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRCE | MSEX |
|---|---|---|
| 2022 | -60.3% | -33.8% |
| 2023 | -3.7% | -15.2% |
| 2024 | +29.4% | -18.0% |
| 2025 | -7.5% | -1.7% |
| 2026 | -37.6% | +17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRCE and MSEX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GRCE and MSEX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.32 over the last year and -0.16 over 5 years.
Is MSEX a good diversifier for GRCE?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/grce-vs-msex.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grce-vs-msex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRCE correlations · MSEX correlations
