HALO vs MVST: Correlation
How closely do Halozyme Therapeutics, Inc. (HALO) and Microvast Holdings, Inc. (MVST) trade together? Their weekly returns over three years give a correlation of -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HALO and MVST?
Over the past 3 years, HALO and MVST moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.38). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -3275.6 %².
MVST is close to the least connected end of HALO's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months HALO outperformed by 117.3 percentage points (+46.1% for HALO against -71.2% for MVST). One caveat on sizing: MVST is 5.0 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.
HALO vs MVST: side by side
| HALO (Halozyme Therapeutics, Inc.) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | +46.1% | -71.2% |
| 5-year return | +154.8% | -91.6% |
| Volatility (ann.) | 41.5% | 209.2% |
| Beta vs S&P 500 | 0.54 | 0.26 |
| Max drawdown (3Y) | -33.9% | -92.8% |
| Market cap | $12.1B | $0.3B |
| P/E (trailing) | 31.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HALO | MVST |
|---|---|---|
| 2022 | +41.5% | -73.0% |
| 2023 | -35.0% | -8.5% |
| 2024 | +29.4% | +47.9% |
| 2025 | +40.8% | +35.3% |
| 2026 | +58.9% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HALO and MVST good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between HALO and MVST?
The HALO/MVST correlation stands at -0.38 on a 3-year window (1 year: 0.01, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is MVST a good diversifier for HALO?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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
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Related comparisons
Hubs: HALO correlations · MVST correlations
