MBAI vs SXTC: Correlation
How closely do Check-Cap Ltd. (MBAI) and China SXT Pharmaceuticals, Inc. - Class A (SXTC) trade together? Their weekly returns over three years give a correlation of 0.92, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBAI and SXTC?
Across a 3-year window, the weekly returns of MBAI and SXTC correlate at 0.92, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.94) sits close to the 3-year figure. Stretching to 5 years gives 0.91, with an annualized covariance of 3056784.7 %².
By 3-year correlation, SXTC places #5 of the 26 assets tracked against MBAI. The last year tells two different stories: MBAI led by 1009.2 percentage points, +910.8% for MBAI against -98.4% for SXTC. One caveat on sizing: SXTC is 14.7 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 SXTC: side by side
| MBAI (Check-Cap Ltd.) | SXTC (China SXT Pharmaceuticals, Inc. - Class A) | |
|---|---|---|
| 1-year return | +910.8% | -98.4% |
| 5-year return | -69.3% | -99.9% |
| Volatility (ann.) | 474.4% | 6970.7% |
| Beta vs S&P 500 | 1.76 | 6.97 |
| 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 | SXTC |
|---|---|---|
| 2022 | -83.7% | -16.6% |
| 2023 | -5.5% | -70.7% |
| 2024 | -52.4% | -87.2% |
| 2025 | +63.6% | +215.0% |
| 2026 | +305.6% | -98.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBAI and SXTC good diversifiers for each other?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between MBAI and SXTC?
The MBAI/SXTC correlation stands at 0.92 on a 3-year window (1 year: 0.94, 5 years: 0.91), computed from weekly returns as of 2026-08-27.
Is SXTC a good diversifier for MBAI?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.92 mean?
A reading of 0.92 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-sxtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mbai-vs-sxtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBAI correlations · SXTC correlations
