KYNB vs MACI: Correlation
How closely do Kyntra Bio, Inc. (KYNB) and Melar Acquisition Corp. I - Class A (MACI) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYNB and MACI?
On 3 years of weekly data the KYNB/MACI correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.21). The 5-year figure is n/a, and annualized covariance runs at -40.8 %².
Out of 10 assets tracked against KYNB, MACI lands near the bottom at #9. The last year tells two different stories: MACI led by 28.1 percentage points, -23.7% for KYNB against +4.4% for MACI. One caveat on sizing: KYNB is 59.0 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.
KYNB vs MACI: side by side
| KYNB (Kyntra Bio, Inc.) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | -23.7% | +4.4% |
| 5-year return | -97.2% | n/a |
| Volatility (ann.) | 123.9% | 2.1% |
| Beta vs S&P 500 | 1.81 | -0.03 |
| Max drawdown (3Y) | -92.4% | -2.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYNB | MACI |
|---|---|---|
| 2022 | +13.6% | – |
| 2023 | -94.5% | – |
| 2024 | -40.2% | – |
| 2025 | -33.7% | +5.7% |
| 2026 | -8.9% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYNB and MACI good diversifiers for each other?
Yes. With a correlation of -0.21, KYNB and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KYNB and MACI?
The KYNB/MACI correlation stands at -0.21 on a 3-year window (1 year: -0.04, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MACI a good diversifier for KYNB?
Yes. With a correlation of -0.21, KYNB and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/kynb-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kynb-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KYNB correlations · MACI correlations
