LIN vs MBAI: Correlation
Linde plc (LIN) and Check-Cap Ltd. (MBAI) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and MBAI?
Across a 3-year window, the weekly returns of LIN and MBAI correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -1655.9 %².
Among the 36 assets we track against LIN, MBAI ranks #31 by 3-year correlation. The last year tells two different stories: MBAI led by 908.9 percentage points, +1.9% for LIN against +910.8% for MBAI. One caveat on sizing: MBAI is 28.8 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.
LIN vs MBAI: side by side
| LIN (Linde plc) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | +1.9% | +910.8% |
| 5-year return | +64.6% | -69.3% |
| Volatility (ann.) | 16.5% | 474.4% |
| Beta vs S&P 500 | 0.37 | 1.76 |
| Max drawdown (3Y) | -19.2% | -87.3% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | 1.4 |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LIN | MBAI |
|---|---|---|
| 2022 | -4.4% | -83.7% |
| 2023 | +27.7% | -5.5% |
| 2024 | +3.2% | -52.4% |
| 2025 | +3.2% | +63.6% |
| 2026 | +14.6% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and MBAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between LIN and MBAI?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.29 over the last year and -0.13 over 5 years.
Is MBAI a good diversifier for LIN?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lin-vs-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lin-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIN correlations · MBAI correlations
