IDAI vs MCY: Correlation
T Stamp Inc. (IDAI) and Mercury General Corporation (MCY) show a negative 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 IDAI and MCY?
On 3 years of weekly data the IDAI/MCY correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.38). The 5-year figure is -0.29, and annualized covariance runs at -6942.6 %².
MCY is close to the least connected end of IDAI's tracked universe, ranking #35 of 36. Correlation aside, the last 12 months split them widely, with MCY ahead by 18.6 points (+15.5% versus +34.1%). One caveat on sizing: IDAI is 14.1 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.
IDAI vs MCY: side by side
| IDAI (T Stamp Inc.) | MCY (Mercury General Corporation) | |
|---|---|---|
| 1-year return | +15.5% | +34.1% |
| 5-year return | -76.5% | +99.9% |
| Volatility (ann.) | 505.7% | 35.8% |
| Beta vs S&P 500 | -1.01 | 0.75 |
| Max drawdown (3Y) | -92.9% | -40.0% |
| Market cap | – | – |
| P/E (trailing) | – | 6.2 |
| Dividend yield | 0.00% | 1.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDAI | MCY |
|---|---|---|
| 2022 | -88.0% | -32.6% |
| 2023 | -43.0% | +13.6% |
| 2024 | -35.5% | +82.3% |
| 2025 | +342.8% | +44.1% |
| 2026 | -14.3% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDAI and MCY good diversifiers for each other?
Yes. With a correlation of -0.38, IDAI and MCY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IDAI and MCY?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.03 over the last year and -0.29 over 5 years.
Is MCY a good diversifier for IDAI?
Yes. With a correlation of -0.38, IDAI and MCY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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
$ curl https://www.pairbook.io/api/v1/pairs/idai-vs-mcy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idai-vs-mcy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDAI correlations · MCY correlations
