MBOT vs SCYX: Correlation
Measured on weekly returns over the past three years, Microbot Medical Inc. (MBOT) and SCYNEXIS, Inc. (SCYX) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBOT and SCYX?
Over the past 3 years, MBOT and SCYX moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.38 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 2906.3 %².
Within MBOT's tracked universe of 19 assets, SCYX comes in at #12 by 3-year correlation. The last year tells two different stories: SCYX led by 45.7 percentage points, -63.1% for MBOT against -17.4% for SCYX.
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.
MBOT vs SCYX: side by side
| MBOT (Microbot Medical Inc.) | SCYX (SCYNEXIS, Inc.) | |
|---|---|---|
| 1-year return | -63.1% | -17.4% |
| 5-year return | -79.9% | -89.1% |
| Volatility (ann.) | 97.0% | 79.8% |
| Beta vs S&P 500 | 1.83 | 1.52 |
| Max drawdown (3Y) | -67.3% | -87.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBOT | SCYX |
|---|---|---|
| 2022 | -59.9% | -74.4% |
| 2023 | -45.5% | +42.9% |
| 2024 | -31.7% | -45.7% |
| 2025 | +78.6% | -47.8% |
| 2026 | -25.0% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBOT and SCYX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MBOT and SCYX?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.19 over the last year and 0.25 over 5 years.
Is SCYX a good diversifier for MBOT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mbot-vs-scyx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mbot-vs-scyx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MBOT correlations · SCYX correlations
