HYPR vs MBOT: Correlation
Measured on weekly returns over the past three years, Hyperfine, Inc. (HYPR) and Microbot Medical Inc. (MBOT) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYPR and MBOT?
Over the past 3 years, HYPR and MBOT moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.37). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 2927.6 %².
Among the 10 assets we track against HYPR, MBOT ranks #5 by 3-year correlation. The last year tells two different stories: HYPR led by 31.3 percentage points, -31.8% for HYPR 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.
HYPR vs MBOT: side by side
| HYPR (Hyperfine, Inc.) | MBOT (Microbot Medical Inc.) | |
|---|---|---|
| 1-year return | -31.8% | -63.1% |
| 5-year return | -91.4% | -79.9% |
| Volatility (ann.) | 82.0% | 97.0% |
| Beta vs S&P 500 | 1.26 | 1.83 |
| Max drawdown (3Y) | -73.7% | -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 | HYPR | MBOT |
|---|---|---|
| 2022 | -88.4% | -59.9% |
| 2023 | +33.3% | -45.5% |
| 2024 | -21.4% | -31.7% |
| 2025 | +11.2% | +78.6% |
| 2026 | -13.6% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYPR and MBOT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HYPR and MBOT?
As of 2026-08-27, the correlation of weekly returns between HYPR and MBOT is 0.37 over 3 years, 0.16 over 1 year and 0.29 over 5 years.
Is MBOT a good diversifier for HYPR?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/hypr-vs-mbot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hypr-vs-mbot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HYPR correlations · MBOT correlations
