KSCP vs MP: Correlation
Measured on weekly returns over the past three years, Knightscope, Inc. (KSCP) and MP Materials Corp. (MP) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KSCP and MP?
On 3 years of weekly data the KSCP/MP correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.36 over 3. The 5-year figure is 0.26, and annualized covariance runs at 2774.3 %².
Among the 11 assets we track against KSCP, MP ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MP outperformed by 59.8 percentage points (-77.1% for KSCP against -17.3% for MP). Note the risk asymmetry: KSCP runs 1.6 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.
KSCP vs MP: side by side
| KSCP (Knightscope, Inc.) | MP (MP Materials Corp.) | |
|---|---|---|
| 1-year return | -77.1% | -17.3% |
| 5-year return | -99.5% | +76.6% |
| Volatility (ann.) | 112.6% | 69.3% |
| Beta vs S&P 500 | 1.20 | 0.90 |
| Max drawdown (3Y) | -97.6% | -61.4% |
| Market cap | – | $10.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KSCP | MP |
|---|---|---|
| 2022 | – | -46.5% |
| 2023 | -68.3% | -18.2% |
| 2024 | -57.9% | -21.4% |
| 2025 | -70.6% | +223.8% |
| 2026 | -62.0% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KSCP and MP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KSCP and MP?
The KSCP/MP correlation stands at 0.36 on a 3-year window (1 year: 0.29, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is MP a good diversifier for KSCP?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kscp-vs-mp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kscp-vs-mp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KSCP correlations · MP correlations
