MBAI vs TOP: Correlation
Check-Cap Ltd. (MBAI) and TOP Financial Group Limited - Class A (TOP) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBAI and TOP?
On 3 years of weekly data the MBAI/TOP correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 71584.9 %².
By 3-year correlation, TOP places #9 of the 26 assets tracked against MBAI. The last year tells two different stories: TOP led by 307.1 percentage points, +910.8% for MBAI against +1217.9% for TOP. Note the risk asymmetry: MBAI runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TOP: side by side
| MBAI (Check-Cap Ltd.) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | +910.8% | +1217.9% |
| 5-year return | -69.3% | -9.2% |
| Volatility (ann.) | 474.4% | 230.2% |
| Beta vs S&P 500 | 1.76 | 1.60 |
| Max drawdown (3Y) | -87.3% | -89.6% |
| Market cap | – | $1.9B |
| P/E (trailing) | 1.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBAI | TOP |
|---|---|---|
| 2022 | -83.7% | – |
| 2023 | -5.5% | -22.5% |
| 2024 | -52.4% | -59.5% |
| 2025 | +63.6% | -34.3% |
| 2026 | +305.6% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBAI and TOP good diversifiers for each other?
Only partially. A correlation of 0.66 means MBAI and TOP 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 MBAI and TOP?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.68 over the last year and 0.14 over 5 years.
Is TOP a good diversifier for MBAI?
Only partially. A correlation of 0.66 means MBAI and TOP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mbai-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MBAI correlations · TOP correlations
