IKT vs MGTX: Correlation
Measured on weekly returns over the past three years, Inhibikase Therapeutics, Inc. (IKT) and MeiraGTx Holdings plc (MGTX) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IKT and MGTX?
On 3 years of weekly data the IKT/MGTX correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.39 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 2854.6 %².
By 3-year correlation, MGTX places #4 of the 11 assets tracked against IKT. Their recent paths diverged sharply: over the last 12 months MGTX outperformed by 52.1 percentage points (+38.0% for IKT against +90.1% for MGTX).
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.
IKT vs MGTX: side by side
| IKT (Inhibikase Therapeutics, Inc.) | MGTX (MeiraGTx Holdings plc) | |
|---|---|---|
| 1-year return | +38.0% | +90.1% |
| 5-year return | -81.3% | +2.2% |
| Volatility (ann.) | 94.9% | 77.0% |
| Beta vs S&P 500 | 1.74 | 2.02 |
| Max drawdown (3Y) | -65.4% | -47.1% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | – | 16.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IKT | MGTX |
|---|---|---|
| 2022 | -66.0% | -72.5% |
| 2023 | -57.7% | +7.7% |
| 2024 | +155.9% | -13.2% |
| 2025 | -36.9% | +30.5% |
| 2026 | +20.5% | +77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IKT and MGTX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IKT and MGTX?
The IKT/MGTX correlation stands at 0.39 on a 3-year window (1 year: 0.29, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is MGTX a good diversifier for IKT?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/ikt-vs-mgtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ikt-vs-mgtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IKT correlations · MGTX correlations
