LEXX vs MBAI: Correlation
Measured on weekly returns over the past three years, Lexaria Bioscience Corp. (LEXX) and Check-Cap Ltd. (MBAI) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEXX and MBAI?
On 3 years of weekly data the LEXX/MBAI correlation comes out at 0.73, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 194061.1 %².
Among the 10 assets we track against LEXX, MBAI ranks #5 by 3-year correlation. The last year tells two different stories: LEXX led by 307.5 percentage points, +1218.3% for LEXX against +910.8% for MBAI.
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.
LEXX vs MBAI: side by side
| LEXX (Lexaria Bioscience Corp.) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | +1218.3% | +910.8% |
| 5-year return | +89.6% | -69.3% |
| Volatility (ann.) | 559.5% | 474.4% |
| Beta vs S&P 500 | 1.66 | 1.76 |
| Max drawdown (3Y) | -95.6% | -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 | LEXX | MBAI |
|---|---|---|
| 2022 | -39.0% | -83.7% |
| 2023 | -49.2% | -5.5% |
| 2024 | +68.0% | -52.4% |
| 2025 | -70.6% | +63.6% |
| 2026 | +1793.0% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEXX and MBAI good diversifiers for each other?
Only partially. A correlation of 0.73 means LEXX and MBAI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LEXX and MBAI?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.75 over the last year and 0.72 over 5 years.
Is MBAI a good diversifier for LEXX?
Only partially. A correlation of 0.73 means LEXX and MBAI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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/lexx-vs-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lexx-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEXX correlations · MBAI correlations
