IPW vs MBAI: Correlation
How closely do iPower Inc. (IPW) and Check-Cap Ltd. (MBAI) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and MBAI?
Over the past 3 years, IPW and MBAI moved with a correlation of 0.58, which is moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.58). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 111768.8 %².
Among the 37 assets we track against IPW, MBAI ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MBAI ahead by 1009.4 points (-98.6% versus +910.8%).
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.
IPW vs MBAI: side by side
| IPW (iPower Inc.) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | -98.6% | +910.8% |
| 5-year return | -99.8% | -69.3% |
| Volatility (ann.) | 405.9% | 474.4% |
| Beta vs S&P 500 | 2.99 | 1.76 |
| Max drawdown (3Y) | -100.0% | -87.3% |
| Market cap | – | – |
| P/E (trailing) | – | 1.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | MBAI |
|---|---|---|
| 2022 | -83.2% | -83.7% |
| 2023 | +12.5% | -5.5% |
| 2024 | +85.1% | -52.4% |
| 2025 | -70.1% | +63.6% |
| 2026 | -96.8% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and MBAI 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 IPW and MBAI?
As of 2026-08-27, the correlation of weekly returns between IPW and MBAI is 0.58 over 3 years, 0.71 over 1 year and 0.57 over 5 years.
Is MBAI a good diversifier for IPW?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipw-vs-mbai.json
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Related comparisons
Hubs: IPW correlations · MBAI correlations
