IMXI vs MTNB: Correlation
How closely do International Money Express, Inc. (IMXI) and Matinas Biopharma Holdings, Inc. (MTNB) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMXI and MTNB?
On 3 years of weekly data the IMXI/MTNB correlation comes out at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.39). The 5-year figure is 0.33, and annualized covariance runs at 2262.3 %².
By 3-year correlation, MTNB places #9 of the 16 assets tracked against IMXI. The last year tells two different stories: IMXI led by 90.4 percentage points, +0.5% for IMXI against -89.9% for MTNB. Note the risk asymmetry: MTNB runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IMXI vs MTNB: side by side
| IMXI (International Money Express, Inc.) | MTNB (Matinas Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | +0.5% | -89.9% |
| 5-year return | -19.7% | -99.5% |
| Volatility (ann.) | 47.9% | 120.2% |
| Beta vs S&P 500 | 0.78 | 1.73 |
| Max drawdown (3Y) | -61.8% | -99.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMXI | MTNB |
|---|---|---|
| 2022 | +52.7% | -50.5% |
| 2023 | -9.4% | -56.8% |
| 2024 | -5.7% | -95.3% |
| 2025 | -26.3% | +14.9% |
| 2026 | -5.7% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMXI and MTNB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMXI and MTNB?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.02 over the last year and 0.33 over 5 years.
Is MTNB a good diversifier for IMXI?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: IMXI correlations · MTNB correlations
