MBAI vs RCON: Correlation
Check-Cap Ltd. (MBAI) and Recon Technology, Ltd. - Class A (RCON) show a very strong relationship: their 3-year correlation of weekly returns is 0.94.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBAI and RCON?
Across a 3-year window, the weekly returns of MBAI and RCON correlate at 0.94, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.95 over 1 year against 0.94 over 3. Stretching to 5 years gives 0.93, with an annualized covariance of 6104793.3 %².
RCON is one of the assets that tracks MBAI most closely: it ranks #1 out of the 26 assets we track against MBAI. Correlation aside, the last 12 months split them widely, with MBAI ahead by 933.4 points (+910.8% versus -22.6%). One caveat on sizing: RCON is 28.9 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.
MBAI vs RCON: side by side
| MBAI (Check-Cap Ltd.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +910.8% | -22.6% |
| 5-year return | -69.3% | -97.1% |
| Volatility (ann.) | 474.4% | 13728.9% |
| Beta vs S&P 500 | 1.76 | 22.04 |
| Max drawdown (3Y) | -87.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 1.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBAI | RCON |
|---|---|---|
| 2022 | -83.7% | -3.8% |
| 2023 | -5.5% | -81.7% |
| 2024 | -52.4% | -49.5% |
| 2025 | +63.6% | -24.4% |
| 2026 | +305.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBAI and RCON good diversifiers for each other?
No: a correlation of 0.94 means MBAI and RCON tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between MBAI and RCON?
As of 2026-08-27, the correlation of weekly returns between MBAI and RCON is 0.94 over 3 years, 0.95 over 1 year and 0.93 over 5 years.
Is RCON a good diversifier for MBAI?
No: a correlation of 0.94 means MBAI and RCON tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.94 mean?
A reading of 0.94 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/mbai-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbai-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MBAI correlations · RCON correlations
