LII vs MBAI: Correlation
How closely do Lennox International (LII) and Check-Cap Ltd. (MBAI) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LII and MBAI?
Over the past 3 years, LII and MBAI moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.35). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -5342.0 %².
By 3-year correlation, MBAI places #27 of the 37 assets tracked against LII. Correlation aside, the last 12 months split them widely, with MBAI ahead by 941.1 points (-30.3% versus +910.8%). One caveat on sizing: MBAI is 14.8 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.
LII vs MBAI: side by side
| LII (Lennox International) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | -30.3% | +910.8% |
| 5-year return | +23.7% | -69.3% |
| Volatility (ann.) | 32.0% | 474.4% |
| Beta vs S&P 500 | 0.96 | 1.76 |
| Max drawdown (3Y) | -41.7% | -87.3% |
| Market cap | $13.5B | – |
| P/E (trailing) | 17.5 | 1.4 |
| Dividend yield | 1.34% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LII | MBAI |
|---|---|---|
| 2022 | -24.9% | -83.7% |
| 2023 | +89.5% | -5.5% |
| 2024 | +37.3% | -52.4% |
| 2025 | -19.5% | +63.6% |
| 2026 | -19.0% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LII and MBAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between LII and MBAI?
The LII/MBAI correlation stands at -0.35 on a 3-year window (1 year: -0.51, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is MBAI a good diversifier for LII?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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/lii-vs-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lii-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LII correlations · MBAI correlations
