HOUR vs MLYS: Correlation
Measured on weekly returns over the past three years, Hour Loop, Inc. (HOUR) and Mineralys Therapeutics, Inc. (MLYS) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOUR and MLYS?
Over the past 3 years, HOUR and MLYS moved with a correlation of 0.58, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.90 versus 0.58 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7008.4 %².
MLYS is one of the assets that tracks HOUR most closely: it ranks #2 out of the 10 assets we track against HOUR. Their recent paths diverged sharply: over the last 12 months MLYS outperformed by 44.9 percentage points (+26.1% for HOUR against +71.0% for MLYS).
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.
HOUR vs MLYS: side by side
| HOUR (Hour Loop, Inc.) | MLYS (Mineralys Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.1% | +71.0% |
| 5-year return | -76.6% | n/a |
| Volatility (ann.) | 126.8% | 95.4% |
| Beta vs S&P 500 | 1.23 | 1.54 |
| Max drawdown (3Y) | -74.1% | -54.0% |
| Market cap | $0.1B | $2.3B |
| P/E (trailing) | 46.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOUR | MLYS |
|---|---|---|
| 2023 | -47.0% | – |
| 2024 | +62.6% | +43.1% |
| 2025 | -20.0% | +194.8% |
| 2026 | +3.9% | -28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOUR and MLYS good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HOUR and MLYS?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.90 over the last year and n/a over 5 years.
Is MLYS a good diversifier for HOUR?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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
$ curl https://www.pairbook.io/api/v1/pairs/hour-vs-mlys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hour-vs-mlys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOUR correlations · MLYS correlations
