MBAI vs ZONE: Correlation
How closely do Check-Cap Ltd. (MBAI) and CleanCore Solutions Inc. (ZONE) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBAI and ZONE?
On 3 years of weekly data the MBAI/ZONE correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.33). The 5-year figure is n/a, and annualized covariance runs at -26189.4 %².
Out of 26 assets tracked against MBAI, ZONE lands near the bottom at #24. Correlation aside, the last 12 months split them widely, with MBAI ahead by 1008.5 points (+910.8% versus -97.7%). Note the risk asymmetry: MBAI runs 3.2 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 ZONE: side by side
| MBAI (Check-Cap Ltd.) | ZONE (CleanCore Solutions Inc.) | |
|---|---|---|
| 1-year return | +910.8% | -97.7% |
| 5-year return | -69.3% | n/a |
| Volatility (ann.) | 474.4% | 149.2% |
| Beta vs S&P 500 | 1.76 | 0.94 |
| Max drawdown (3Y) | -87.3% | -97.9% |
| 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 | ZONE |
|---|---|---|
| 2022 | -83.7% | – |
| 2023 | -5.5% | – |
| 2024 | -52.4% | – |
| 2025 | +63.6% | -79.8% |
| 2026 | +305.6% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBAI and ZONE good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between MBAI and ZONE?
As of 2026-08-27, the correlation of weekly returns between MBAI and ZONE is -0.33 over 3 years, -0.45 over 1 year and n/a over 5 years.
Is ZONE a good diversifier for MBAI?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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-zone.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbai-vs-zone/)
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Related comparisons
Hubs: MBAI correlations · ZONE correlations
