MBOT vs STEM: Correlation
Measured on weekly returns over the past three years, Microbot Medical Inc. (MBOT) and Stem, Inc. (STEM) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBOT and STEM?
Across a 3-year window, the weekly returns of MBOT and STEM correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.41, with an annualized covariance of 5616.3 %².
Within MBOT's tracked universe of 19 assets, STEM comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at -63.1% for MBOT and -64.9% for STEM.
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 STEM: side by side
| MBOT (Microbot Medical Inc.) | STEM (Stem, Inc.) | |
|---|---|---|
| 1-year return | -63.1% | -64.9% |
| 5-year return | -79.9% | -98.9% |
| Volatility (ann.) | 97.0% | 129.9% |
| Beta vs S&P 500 | 1.83 | 2.49 |
| Max drawdown (3Y) | -67.3% | -95.5% |
| 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 | STEM |
|---|---|---|
| 2022 | -59.9% | -52.9% |
| 2023 | -45.5% | -56.6% |
| 2024 | -31.7% | -84.5% |
| 2025 | +78.6% | +24.8% |
| 2026 | -25.0% | -62.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBOT and STEM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MBOT and STEM?
The MBOT/STEM correlation stands at 0.45 on a 3-year window (1 year: 0.14, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is STEM a good diversifier for MBOT?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/mbot-vs-stem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbot-vs-stem/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBOT correlations · STEM correlations
